Instant Payment App Zelle's parent company is considering launching stablecoin

Early Warning Services (EWS), the banking alliance behind instant payment app Zelle, is considering entering the crypto space and exploring the development of its own stablecoins. EWS is actively researching the infrastructure needed to create and issue stablecoins for everyday banking consumers. The move is still in its infancy, but could make EWS a key player in digital currency adoption by U.S. retail banking customers. EWS is supported by institutions such as Bank of America, JPMorgan Chase, Wells Fargo and PNC.