Zelle to Launch Stablecoin-Powered Cross-Border Payments

Early Warning Services, Zelle’s operator, will debut a stablecoins-powered cross-border payments service in Q3 2024. Partnering with major banks and digital asset platforms, it will initially support US–Mexico corridors using USDC and USDT. By leveraging stablecoins on blockchain rails, the solution cuts settlement times from days to seconds and lowers fees, challenging SWIFT and traditional remittance services. Traders should monitor rising stablecoins demand and shifts in trading volumes as Zelle integrates digital assets into its network, marking a key step toward mainstream crypto adoption.
Bullish
The integration of stablecoins by Zelle signifies major institutional adoption, which is likely to boost demand for USDC and USDT. Instant settlement and lower fees reduce friction, attracting higher transaction volumes. In the short term, traders can expect increased stablecoin trading activity and liquidity. Over the long term, mainstream use of stablecoins in remittances could strengthen market confidence and drive broader crypto adoption, supporting a bullish outlook.