Zelle, the largest peer-to-peer payments network in the U.S., launched its own dollar-backed stablecoin and entered the international remittances market.
U.S. instant payments platform Zelle announced its expansion into international transfers and unveiled its dollar-backed stablecoin, ZelleUSD (ZLUSD). The company plans to use the asset as the foundation for future cross-border payments.
India will become the first country outside the U.S. where Zelle’s new payments service will be available. The company selected India because of the market’s scale. The country is the world’s largest recipient of remittances and one of the key destinations for millions of Americans who regularly send money abroad.
The new service is scheduled to launch by the end of 2026.
ZelleUSD will eventually be used for international payments to other countries as well. Early Warning said it would disclose additional details about the stablecoin in the coming months.
Zelle is the largest P2P payments network in the U.S. In 2025, the platform processed more than $1.2 trillion in transactions.
Early Warning Services, the operator of Zelle, is owned by seven major U.S. financial institutions: Bank of America, Capital One, JPMorgan Chase, PNC Bank, Truist, U.S. Bank, and Wells Fargo.
Early Warning CEO Cameron Fowler said the international payments market is currently experiencing strong growth. According to Fowler, demand for fast, reliable, and convenient cross-border transfers continues to rise, and the ZLUSD stablecoin could help accelerate the segment while making it more scalable over time.
Early Warning Services first announced plans to introduce stablecoin-based cross-border payments in October 2025.
