🚨 Zelle launches ZLUSD stablecoin and plans app-based payments to India by end of 2026 🚨
Early Warning Services, the company behind Zelle, has launched ZLUSD, a new stablecoin intended for cross-border remittances. Zelle says its app will begin supporting stablecoin payments by the end of 2026, with India set as the first corridor.
🔑 Key highlights:
🔹️ Zelle’s parent company, Early Warning Services, announced the launch of its ZLUSD stablecoin.
🔹️ The stablecoin is intended for cross-border remittances.
🔹️ Zelle’s app will start supporting stablecoin payments by the end of 2026.
🔹️ India will be the first friends-and-family corridor for the rollout.
🔹️ The article says the launch was enabled by the passage of the GENIUS Act.
🔹️ Zelle has more than 150 million users and is offered by 2,400 U.S. banks and credit unions.
🔹️ The parent company is owned by Bank of America, Capital One, JPMorgan Chase, PNC, Truist, U.S. Bank, and Wells Fargo.
🎯 Bottom Line: Zelle is bringing stablecoins into mainstream banking rails with India as the first major test corridor.
https://www.ledgerinsights.com/zelle-launches-stablecoin-zlusd-app-payments-to-india-by-end-2026/