Zelle Expands Capabilities: Network Integrates Stablecoins for International Transfers
Date: 2025-10-27 Author: Oliver Abernathy Categories: BUSINESS
Early Warning Services, the company that operates the Zelle platform, announced the launch of a project aimed at integrating stablecoins into the international payments system. The initiative has been endorsed by leading US banks—Bank of America, JPMorgan Chase, Wells Fargo, PNC Bank, U.S. Bank, Capital One, and Truist, which jointly own the network operator.
According to the company, Zelle processed approximately $1 trillion in transfers in 2024, proving the effectiveness of the US domestic payment infrastructure. The project now aims to extend this success to the international market. "Zelle has changed the way Americans send money domestically." "We aim to offer the same level of reliability and speed for cross-border transactions," noted Cameron Fowler, CEO of Early Warning Services.
The main goal of the new initiative is to make cross-border transfers as simple and secure as domestic transactions. The use of stablecoins will eliminate traditional barriers to international transactions, including high fees and long processing times.
Plans to use stablecoins coincide with growing interest in this technology among banks and fintech companies. Back in September, it was reported that Zelle was considering issuing its own token, similar to PayPal's PYUSD launch in August 2023. Today, PYUSD's market capitalization has reached $2.7 billion, reflecting the steady growth in demand for fiat-backed digital assets.
The total market value of all stablecoins has already exceeded $300 billion. Tether's USDT remains the undisputed leader, with a market capitalization of nearly $183 billion, followed by Circle's USDC with $76.3 billion.
According to Stripe co-founder Patrick Collison, the popularity of dollar-pegged tokens is due to their advantages—faster, cheaper, and more secure transactions compared to traditional banking systems.
Stripe is actively expanding its presence in the digital currency market. In 2025, the company acquired the stablecoin platform Bridge for $1.1 billion and the Web3 infrastructure developer Privy. That spring, it launched Stablecoin Financial Accounts, allowing users to manage funds in dollar-based stablecoins.
Meanwhile, Tether CEO Paolo Ardoino announced that the company will launch a new regulated stablecoin, USAT, on the US market in December, confirming the growing competition in this segment.
Thus, the implementation of stablecoins into Zelle's infrastructure could be a step toward the global transformation of international payments, combining the speed of crypto technology with the trust of the banking system.
