Early Warning Services, Zelle’s parent company, announced the integration of stablecoins into its platform to facilitate international transactions moving to and from the United States.
Zelle, which launched in 2017, already supports nearly instant payments among users through various US banks’ online banking systems. In their announcement, Early Warning Services stated:
“We’re investing where consumer need, bank capability and global opportunity intersect.”
The stablecoin market capitalization has exceeded $300 billion as interest in the asset class grows, especially in the context of global financial systems incorporating blockchain technology for real-time transactions. This comes after significant regulations were introduced, such as the GENIUS Act passed in July by US President Donald Trump, which laid out a framework for stablecoins.
As residents in inflation-prone regions of Latin America increasingly turn to stablecoins for everyday transactions, Patricio Mesri highlights, “Crypto is actually changing the lives of people.” In tandem, Reeve Collins predicts that all fiat currencies could convert to stablecoins by 2030.
