Fiserv buys cash manager to boost stablecoin

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Fiserv is acquiring StoneCastle Cash Management, a cash management firm that provides banks liquidity, and will leverage the firm’s platform to bolster its FIUSD stablecoin, the payments giant said Monday in a press release. Fiserv said the StoneCastle acquisition will allow it to become “a technology-enabled source of billions of dollars of institut ...