Early Warning Services (EWS), the banking consortium behind U.S. money transfer platform Zelle, is considering entering the cryptocurrency space and exploring the development of its own stablecoin.
According to sources, EWS is actively researching the infrastructure needed to create and issue stablecoins for everyday banking consumers. The initiative is still in its early stages, but could make EWS a key player in the adoption of digital currencies by retail banking customers in the United States.
Backed by major Financial Institutions Group such as Bank of America, JPMorgan Chase, Wells Fargo, and PNC, EWS competes with platforms such as Venmo and CashApp through the Zelle platform. Last year, Zelle handled more than $1 trillion in transactions, demonstrating its widespread adoption and influence in the peer-to-peer payments market.
Zelle's parent company, EWS, is considering launching a stablecoin
2025-09-15 05:00:16
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