Stablecoin By Fiserv

Fiserv has entered the chat

I remember when the Milwaukee Bucks got new ownership, and I remember when the new Bucks arena was slated to open. The city wondered what the name would be, and then it came out that the new Milwaukee Bucks arena would be called “Fiserv Forum.” Many people in the city had never heard of Fiserv, but if you are in the tech or financial sector, you would have known who they were before Fiserv spent roughly $150 million, or 1,383 BTC at today’s price, for a 25-year timeline for having the naming rights to the new Bucks arena. I remember when I found out one of the majority owners of the Milwaukee Bucks, Marc Lasry, said that he had 1% of his net worth invested into Bitcoin and then went on record to say that in 2021 he believed Bitcoin could reach $40,000; $40K is roughly 0.3689 BTC at today’s price. When I saw the ownership, I knew that tech would have a place in the new arena, even down to the entity that would have the naming rights. I mention Fiserv today because they made headlines yet again, but not due to naming rights. Fiserv announced that they are creating a stablecoin called FIUSD that banks can easily integrate and even making it interoperable with PayPal’s stablecoin. PYUSD. This is MASSIVE. Why?

Do you want to know the biggest catalyst for Bitcoin adoption? It's not DeFi. It's not NFTs. It's not DAOs. It's not L2s. It's actually stablecoins. Crazy, right? Let me explain. If stablecoins serve as the digital bridge for traditional capital markets, it’s going to make it easier for capital markets to enter Bitcoin and explore Bitcoin innovations. I look forward to seeing what Fiserv does, because I would be quicker to use a Fiserv stablecoin than one from JP Morgan. Aside from the history of JP Morgan blackballing Nikola Tesla and JP Morgan’s CEO Jamie Dimon being wishy-washy on the topic of digital assets, I like Fiserv, and they like Milwaukee and the Bucks, so it’s a win-win. :-)

— Christopher Perceptions, TwentyOneSociety