Financial technology giant Fiserv Inc. has seen its stock surge as it partners with Circle to launch a new stablecoin for banks, fueling Wall Street’s enthusiasm for the rapidly growing world of stablecoins. This move comes after Coinbase also entered the space, sparking a new price target on its shares.
Fiserv is set to launch a new stablecoin, which will be used by banks in financial transactions. The company’s partnership with Circle marks its entry into the stablecoin market. Meanwhile, Coinbase has gained attention from Wall Street, leading to an updated price target for its shares.
Source: https://www.marketwatch.com/story/fiservs-stock-surges-as-it-teams-with-circle-to-join-the-stablecoin-party-6c0f7ede