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Zelle to Use Stablecoins for International Transfers

Regulatory clarity under the GENIUS Act enables the push, with specifics on coins, issuance and partners still pending.

Overview

  • Early Warning Services announced that Zelle will add stablecoin rails for cross-border payments and said all network banks may opt in.
  • The company cited clearer U.S. rules following the GENIUS Act as the catalyst for moving tokenized settlement into production.
  • Zelle’s operator reported roughly $1 trillion moved over its platform last year and ties into more than 2,300 banks and credit unions.
  • EWS has not named which stablecoins will be used or whether there will be a single network token or bank-issued tokens, with decisions still under review.
  • Details on foreign banking partners, corridor-by-corridor compliance and technical integrations are undisclosed, with further updates expected in the coming weeks and months.