EWS is considering entering the crypto space and exploring the development of its own stablecoin.

BlockBeats News, September 15th, according to Crowdfundinsider, the U.S. banking alliance Early Warning Services (EWS) behind the transfer platform Zelle is considering entering the cryptocurrency field and exploring the development of its own stablecoin. Sources revealed that EWS is actively researching the creation and issuance of a stablecoin infrastructure targeting everyday bank consumers. The project is still in its early stages but could potentially position EWS as a key player in enabling U.S. retail bank customers to adopt digital currencies. EWS is backed by major financial institutions such as Bank of America, JPMorgan Chase, Wells Fargo, and PNC, competing with platforms like Venmo and CashApp through the Zelle platform.