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, a provider of payments and financial services technology, has announced plans to launch a new digital asset platform. The platform will include a stablecoin, FIUSD, set to be integrated into Fiserv’s banking and payments infrastructure by the end of 2025.

Mastercard said it was expanding its relationship with Fiserv to promote the financial tech company's planned stablecoin, FIUSD.