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    1. coinfeeds-bot on

      tldr; Payments processor Zelle, managed by Early Warning Services, announced plans to use stablecoins for international transactions to enhance speed and reliability. This move aims to expand Zelle’s global reach and improve cross-border money transfers. Stablecoins, pegged to fiat currencies, are increasingly significant in finance, with growing market capitalization and adoption by major companies and banks. The announcement did not specify which stablecoins Zelle will use.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. GentlemenHODL on

      This is what adoption looks like. This is what real case utilization of cryptocurrencies in society looks like.

      Fantastic.

      Unfortunate we don’t have clarification on which stable coins. Hopefully they are using Ethereum for stability and decentralization. But my guess is probably not, and they might instead utilize a centralized system for cost efficiency and censorship capabilities.

      >The statement did not specify which stablecoins Zelle would use. Early Warning Services is owned by major American banks Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo.

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