Payment Processor Zelle Adopts Stablecoins for Cross-Border Payments
Zelle, a widely used payment processor in the US for instant peer-to-peer (P2P) transfers, will now utilize stablecoins for international transactions.
The move, announced by Zelle's parent company Early Warning Services, highlights the rapid impact of digital tokens backed by fiat currencies on global finance.
For years, Zelle has enabled users to send and receive money domestically in seconds. Now, Early Warning Services aims to expand this speed and reliability to cross-border transfers using stablecoins, making international payments faster, cheaper, and more dependable than traditional methods.
The initiative aims to make international payments as seamless as Zelle's domestic ones.
Author's summary: Zelle adopts stablecoins for cross-border payments.