Fiserv delays FIUSD launch while hosting North Dakota’s Roughrider stablecoin
Fiserv has postponed its own FIUSD stablecoin launch while its digital asset platform went live last week hosting the Bank of North Dakota’s Roughrider stablecoin. The platform now makes Roughrider available to about 90 banks and credit unions in the state, according to an Oct. 2 report from Robert W. Baird analysts.
Fiserv said in June 2025 that it would launch FIUSD by the end of the year alongside a digital asset platform for hosting stablecoins. Although the exact timing for FIUSD is now unclear, the company remains committed to the coin and continues to develop its embedded finance capabilities. The platform’s reach is bolstered by Fiserv’s core banking systems, which support over 300 million bank accounts and five to six million merchants globally. Fiserv’s shift comes after the July 2025 Genius Act signed by President Trump, which created a regulatory framework for digital assets, and amid pressure from activist shareholder Jana Partners to cut costs and adopt Palantir technology.
“We have over 300 million bank accounts on our core banking systems; we have over five to six million merchants globally, so when you talk to anybody that's looking and operating in the digital asset space, they talk about how many endpoints or how many nodes are on that network. The more nodes you have, the more efficient or proficient you can be in developing new areas or ways to exchange value on that network,” Sunil Sachdev, head of embedded finance, Fiserv said.
“Roughrider checked a lot of boxes. We, as a financial infrastructure provider for the last four decades, always build systems and capabilities that will help our financial institution clients and our merchant clients exchange value in a very efficient way and provide choice to their customers, whether they be retail customers or commercial customers,” Sunil Sachdev, head of embedded finance, Fiserv said.
Fiserv first announced the FIUSD stablecoin last year when Mike Lyons was CEO; Lyons exited in June 2025 and was
What we know
In June 2025, Fiserv said it would launch the FIUSD coin for use by its clients by the end of the year.
Fiserv said last week that its digital asset system is up and running, now hosting the Bank of North Dakota’s stablecoin, called Roughrider.
Fiserv’s platform makes the Bank of North Dakota stablecoin available to some 90 banks and credit unions in that state, according to an Oct. 2 report from the analysts at the investment firm Robert W. Baird.
When the company first announced FIUSD last year Mike Lyons was the company’s chief executive officer, but a year later, in June of this year, he exited, and handed the CEO title to Takis Georgakopoulos.
Fiserv and other companies are racing to offer stablecoin services after President Donald Trump in July 2025 signed the Genius Act, initiating a regulatory framework for the digital assets.