Fintech Stock Jumps on Stablecoin Partnerships

Fintech stock Fiserv Inc (NYSE:FI) was last seen up 3.6% at $169.14, after news that the company is launching its own bank-friendly stablecoin with Circle (CRCL) on the Solana blockchain. The firm also announced a separate stablecoin partnership with PayPal (PYPL). Fiserv stock jumped above resistance at the $170 level at the open, which has kept a firm lid on gains since mid-May, but found pressure at the 40-day moving average. Since the start of the year, FI is down 18.9%, though it's still holding on to ...