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Zelle to Use Stablecoins for Faster, Cheaper Cross-Border Payments

Zelle’s Stablecoin Initiative Positions Major Banks for Cross-Border Payments Competition

  • Zelle will use stablecoins to make cross-border payments faster and more reliable.
  • This initiative is being carried out by Early Warning Services, which operates the Zelle network.
  • U.S. legislation supported by the Trump administration is cited as a key reason for this adoption.
  • The new service will be provided to all Zelle Network financial institutions on equal terms.
  • Early Warning Services is owned by major banks, including JPMorgan Chase, Wells Fargo, and Citigroup.

Early Warning Services, the company behind the Zelle payments network, announced on Friday plans to use stablecoins for faster and more dependable international transfers. The company aims to address challenges with sending money across borders, focusing on providing speed and reliability for users.

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Zelle is operated by Early Warning Services, which is co-owned by leading U.S. banks including JPMorgan Chase, Wells Fargo, and Citigroup. The move is designed to extend Zelle’s reach beyond domestic transactions, where it already processes instant payments for millions of users.

Chief Executive Officer Cameron Fowler said this strategy is based on new legislation promoted by the Trump administration that supports incorporating stablecoins—digital assets pegged to traditional currencies—into the regulated financial system. “With improved regulatory clarity, we can focus on what we do best: driving innovation to market,” said Fowler.

Early Warning Services stated it will provide this cross-border solution on an equal basis to all financial institutions within the Zelle Network. The company emphasized that using stablecoins can preserve the trust, convenience, and speed users expect, while also reducing the delays and high fees typically linked to international payments.

The company said it is responding to ongoing demand for safe and easy cross-border transactions. By leveraging stablecoins, Zelle aims to maintain its user-friendly experience as it expands globally under a framework that meets evolving U.S. regulatory standards.

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