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Stablecore Taps Jack Henry to Expand Bank Stablecoin Access

Cointelegraph
Stablecore integrated with Jack Henry to allow banks and credit unions to offer stablecoin and tokenized asset services.

Summary

Stablecore, a digital asset infrastructure company, has joined the Jack Henry Fintech Integration Network, enabling approximately 1,670 banks and credit unions using Jack Henry's core processing and digital banking technology to offer stablecoin and tokenized asset services directly through their existing systems.

This integration connects blockchain-based products to traditional core banking infrastructure, potentially allowing participating institutions to roll out stablecoin accounts with 24/7 payment capabilities, crypto on- and off-ramps, digital asset-backed lending, and staking features. By embedding these services within existing banking apps, the reliance on external crypto platforms is reduced, aligning with a broader trend of incorporating blockchain assets into regulated financial channels.

Stablecore previously raised $20 million to help smaller institutions integrate digital assets, especially stablecoins, following the US GENIUS Act. This move reflects growing momentum in both fintech and traditional finance toward leveraging stablecoins for benefits like reduced settlement times and improved cross-border payments, evidenced also by recent developments from Modern Treasury and Fidelity Investments.

(Source:Cointelegraph)