Derived from CoinJournal, Zelle, a widely used U.S. payment processor, will now use stablecoins to facilitate cross-border transactions. The initiative, announced by Zelle’s parent company Early Warning Services, aims to make international payments as seamless as domestic ones, offering faster, cheaper, and more reliable alternatives to traditional methods. The move is supported by a more accommodating regulatory environment for digital assets in the U.S., including the recent GENIUS Act. Zelle processes twice as many daily transactions as Venmo and five times as many as Block’s Cash App, giving Early Warning Services confidence in its global expansion.
Zelle Expands to Cross-Border Payments Using Stablecoins
CoinJournalShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.