US bank-backed P2P payments service Zelle has announced plans to use stablecoins to facilitate cross-border payments.
Zelle’s operator, Early Warning Services, has revealed that it will be “leveraging stablecoins” to enhance its global service offerings. Recent reports indicate that the company is also exploring the possibility of issuing its own stablecoin.
Owned by JPMorgan Chase, Bank of America, Wells Fargo, PNC, Capital One, Truist, and US Bank, Early Warning Services collaborates with approximately 2,500 banks and credit unions to provide P2P payment solutions through their platforms.
Launched in 2017 as a competitor to Venmo, Zelle has gained significant traction, boasting over 150 million enrolled users who executed more than two billion payments totaling nearly $600 billion in the first half of 2025.
Early Warning Services CEO Cameron Fowler stated, “Zelle transformed how Americans send money at home. Now, we’re beginning efforts to replicate that same speed and reliability for Zelle users sending money internationally, leveraging insights gained from our market, users, and banking partners.”
He added, “Our goal is to provide the trust, speed, and convenience of Zelle for consumers’ international money transfer needs. We are investing at the intersection of consumer demand, banking capabilities, and global opportunities. With clearer regulations in the U.S., we are focusing on driving innovation to market.”