Early Warning Services, the parent company of the payment network Zelle, announced that stablecoins will soon be integrated into the platform to enable faster and more efficient cross-border money transfers to and from the United States.

Launched in 2017, Zelle already supports near-instant domestic transfers through online banking services offered by participating U.S. banks. In its announcement, Early Warning Services stated, “We're investing where consumer need, bank capability and global opportunity intersect.”

Zelle is collectively owned by its member banks, including Wells Fargo, JP Morgan, Capital One, and PNC. The integration of stablecoins marks a significant step toward merging traditional banking with blockchain technology, reflecting the growing institutional embrace of blockchain rails for real-time settlement and international commerce.

Stablecoin market surpasses $300 billion

According to DeFiLlama, the total market capitalization of stablecoins has exceeded $300 billion, reaching about $308 billion in October. This surge follows the passage of the GENIUS Act, signed into law by U.S. President Donald Trump in July, which introduced a formal regulatory framework for stablecoins in the United States.

Originally designed to serve as low-volatility assets for traders in cryptocurrency markets, dollar-pegged stablecoins are now increasingly used for remittances, cross-border trade, and savings, particularly in economies affected by inflation.

Rising adoption in Latin America

In regions like Latin America, where financial infrastructure often remains unreliable, stablecoins have become a lifeline for individuals and businesses seeking a more stable store of value and payment method. “Crypto is actually changing the lives of people. You see adoption in Argentina, Venezuela, Bolivia, and Mexico increasing rapidly,” said Patricio Mesri, co-CEO of Bybit’s Latin American division.

Reeve Collins, co-founder of Tether, also projected that all fiat currencies will exist as stablecoins by 2030, signaling the deepening integration between blockchain assets and the global monetary system.

Sources:

https://www.prnewswire.com/news-releases/zelle-goes-international-early-warning-expands-1t-payments-network-with-stablecoin-initiative-302593440.html

https://cointelegraph.com/news/zelle-stablecoins-cross-border-payments

https://defillama.com/stablecoins