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According to Techub News, reported by Reuters, the American fintech company Fiserv announced that it will launch the stablecoin FIUSD within the year and plans to integrate it into the existing banking and payment infrastructure. FIUSD will be based on the stablecoin technology provided by Paxos and Circle, and has reached a cooperation with PayPal to enable interoperability between FIUSD and PayPal USD (PYUSD) in the future, supporting users in domestic and international transfers.
After the announcement, Circle's stock price rose by 15%, while Fiserv and PayPal increased by 2.3% and 1.7%, respectively.