Overview
- Early Warning Services said it will use stablecoins for cross-border transfers and will offer the feature as an opt-in to all banks on the Zelle network.
- CEO Cameron Fowler confirmed the international expansion, with the choice of a single consortium token versus bank-issued tokens, partner banks, and timing still undecided.
- Zelle is jointly owned by major U.S. banks and processes more daily payments than Venmo and Cash App, underscoring its scale as it enters international transfers.
- The company credits the GENIUS Act and clearer U.S. guidance on stablecoins for enabling faster rollout of token-based money movement.
- The initiative sets up direct competition with fintech and remittance players including Wise, Revolut, MoneyGram, and Western Union.