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Zelle® Goes International: Early Warning Expands $1T Payments Network with Stablecoin Initiative

Early Warning Services, the network operator of Zelle®, today announced a new initiative to enable Zelle to deliver faster and more reliable cross-border money movement. The effort marks an important step in expanding the reach of Zelle globally by leveraging stablecoins. Zelle is a preferred way of moving money to people they know and trust, designed to support the needs of consumers, small businesses and banks and credit unions of all sizes within the Zelle Network®, and is relied on by millions of Americans for fast and easy payments.

“Zelle transformed how Americans send money at home. Now, we’re beginning the work to bring that same level of speed and reliability to Zelle consumers sending money to and from the United States, building on what we have learned from the market, our users and our network banks and credit unions,” said Early Warning Services CEO Cameron Fowler. “Our goal is to bring the trust, speed and convenience of Zelle to consumers’ international money movement needs. We’re investing where consumer need, bank capability and global opportunity intersect. With improved regulatory clarity in the U.S., we can focus on what we do best: driving innovation to market.”

Supported by the owner banks of Early Warning Services, the initiative is designed to expand on the success of Zelle in U.S. payments while addressing one of the most persistent challenges in global money movement: sending money safely and conveniently across borders. The offering will be made available to all Zelle Network financial institutions with the intention to provide equal terms to all participants.

Early Warning Services is committed to establishing a foundation that strengthens consumer confidence and provides the same level of trust that financial institutions and consumers have come to expect from the Zelle Network.

 

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