Zelle will start using stablecoins for international transactions, aiming for faster and more reliable cross-border money movement. CEO Cameron Fowler highlighted the importance of bringing the same speed and reliability to global consumers. Stablecoins are gaining traction in finance, with potential to siphon $1 trillion in deposits from banks.

In a Myriad market, 54% believe stablecoins’ market capitalization will exceed $360 billion by January. Stablecoins, pegged to fiat currencies, are popular for their efficiency. The statement did not specify which stablecoins Zelle would use, but it is owned by major American banks. The GENIUS Act, signed by Trump, is paving the way for stablecoin integration in the U.S. economy.

Major companies like Amazon and Meta, along with big banks, are eyeing their own stablecoin versions. USDT, issued by Tether, is the largest stablecoin on the market with a market cap exceeding $182 billion, making it the third-largest digital asset.

Read more at Yahoo Finance: Payments Processor Zelle to Use Stablecoins for International Transactions