Zelle Readies Stablecoin for First Cross-Border Push

Zelle operator Early Warning Services plans to launch ZelleUSD (ZLUSD), a U.S. dollar-backed stablecoin, to enable international payments. India will be the first country where U.S. consumers can send money via Zelle, with the capability launching before year-end. The $1.2 trillion network is expanding due to consumer demand.