PANews reported on October 24th that The Block reported that the US payments network Zelle is considering leveraging stablecoin technology for international expansion. Cameron Fowler, CEO of Early Warning Services, which operates Zelle, said: "Zelle has transformed the way Americans transfer money domestically. Now, we're working to provide the same fast and reliable service to consumers who use Zelle to send money internationally. Our goal is to bring Zelle's trust, speed, and convenience to consumers with international money transfer needs." Early Warning Services, which operates Zelle, said the move, details of which are still unclear, "marks a significant step for Zelle to expand its reach globally through the use of stablecoins." According to a report last month, Zelle has been exploring issuing its own stablecoin. According to Early Warning Services, about $1 trillion was transferred through Zelle last year. While other payment networks like PayPal and Wise handle a large portion of cross-border payments, and many crypto companies have tried to compete by offering low-cost international remittance services, Zelle has a large customer base that may be interested in the ability to transfer money to other countries.PANews reported on October 24th that The Block reported that the US payments network Zelle is considering leveraging stablecoin technology for international expansion. Cameron Fowler, CEO of Early Warning Services, which operates Zelle, said: "Zelle has transformed the way Americans transfer money domestically. Now, we're working to provide the same fast and reliable service to consumers who use Zelle to send money internationally. Our goal is to bring Zelle's trust, speed, and convenience to consumers with international money transfer needs." Early Warning Services, which operates Zelle, said the move, details of which are still unclear, "marks a significant step for Zelle to expand its reach globally through the use of stablecoins." According to a report last month, Zelle has been exploring issuing its own stablecoin. According to Early Warning Services, about $1 trillion was transferred through Zelle last year. While other payment networks like PayPal and Wise handle a large portion of cross-border payments, and many crypto companies have tried to compete by offering low-cost international remittance services, Zelle has a large customer base that may be interested in the ability to transfer money to other countries.
US payments network Zelle is considering using stablecoin technology for international expansion.
2025/10/24 22:59
PANews reported on October 24th that The Block reported that the US payments network Zelle is considering leveraging stablecoin technology for international expansion. Cameron Fowler, CEO of Early Warning Services, which operates Zelle, said: "Zelle has transformed the way Americans transfer money domestically. Now, we're working to provide the same fast and reliable service to consumers who use Zelle to send money internationally. Our goal is to bring Zelle's trust, speed, and convenience to consumers with international money transfer needs." Early Warning Services, which operates Zelle, said the move, details of which are still unclear, "marks a significant step for Zelle to expand its reach globally through the use of stablecoins." According to a report last month, Zelle has been exploring issuing its own stablecoin.
According to Early Warning Services, about $1 trillion was transferred through Zelle last year. While other payment networks like PayPal and Wise handle a large portion of cross-border payments, and many crypto companies have tried to compete by offering low-cost international remittance services, Zelle has a large customer base that may be interested in the ability to transfer money to other countries.
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