Zelle Owner Early Warning Services Explores Stablecoin to Bring Digital Currency to U.S. Bank Customers

Early Warning Services (EWS) is researching the development and issuance of a stablecoin, Crowdfundinsider reported on September 15. The initiative seeks to build a stablecoin infrastructure tailored to everyday bank consumers and integrate with existing payment flows.

Backed by major institutions including Bank of America, JPMorgan Chase, Wells Fargo and PNC, EWS operates the Zelle network that competes with platforms such as Venmo and Cash App. Sources indicate the project remains in early stages, focused on technical design and operational feasibility rather than immediate deployment.

Any implementation would require detailed work on issuance mechanics, settlement on banking rails and regulatory engagement to ensure compliance — key prerequisites for enabling U.S. retail bank customers to access digital currencies through trusted banking channels.