Fiserv, one of the leading payment service companies, will add FIUSD as a stablecoin specialized to serve banks. Fiserv will also explore the creation of tokenized deposits.

Financial-technology company Fiserv will launch a stablecoin and digital-asset platform for its clients by the end of the year, the company announced Monday, sending the stock higher. The move will give Fiserv’s network,

Fiserv stocks gains as the company announces plans of launching its own stablecoin. TD Cowen says FIUSD news could help FI shares hit $233 over the next 12 months.