Zelle weighs stablecoin integration to expand its trillion-dollar payments network abroad
The Block
Zelle is exploring stablecoin integration to expand its domestic payment network for international money transfers.Summary
Zelle, operated by Early Warning Services, is planning an international expansion by leveraging stablecoin technology to bring its speed and reliability to cross-border transactions involving the United States. CEO Cameron Fowler stated the goal is to extend Zelle's convenience to international money movement needs. This initiative, though currently light on specifics, follows reports that Zelle's owner has been exploring issuing its own stablecoin. Zelle processed approximately $1 trillion in transfers last year, and this move could leverage its massive customer base to compete in the cross-border payments space currently dominated by services like PayPal and Wise.
(Source：The Block)