Zelle to Leverage Stablecoins for Cross-Border Expansion
Early Warning Services, the parent company of payments processor Zelle, announced plans to integrate stablecoins for international transactions. The MOVE aims to enhance cross-border payment efficiency, capitalizing on the technology's speed and reliability. Zelle—owned by seven major U.S. banks including JPMorgan Chase and Bank of America—seeks to replicate its domestic success in global markets.
The decision reflects mounting institutional confidence in stablecoins following the U.S. GENIUS Act's passage. Standard Chartered recently projected stablecoins could divert $1 trillion from emerging market banks, underscoring their disruptive potential. "Zelle transformed domestic payments," said CEO Cameron Fowler. "Now we're applying those lessons globally."
