:

ZELLE EYES INDIA EXPANSION, PLANS OWN STABLECOIN

INDUSTRY DESK1 MIN READ
FRI, JUN 12, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Zelle owner EWS announced plans to launch the peer-to-peer payment service in India later in 2026, marking its first international expansion. The company also intends to create a USD-backed stablecoin.

Zelle, currently available only in the United States, will enter India as its debut international market. The expansion represents a significant step in growing the payment platform's global footprint. Alongside the geographic expansion, EWS plans to introduce its own stablecoin pegged to the U.S. dollar. The digital asset would provide users with a blockchain-based alternative for transactions within the platform. The moves come as Zelle faces competition from other payment services and digital currency platforms seeking to capture market share in cross-border transfers and digital payments. India represents a major opportunity, with its large population and growing digital payment adoption. No specific launch date beyond "later in 2026" was provided for either the India expansion or the stablecoin introduction.

■ SOURCES

Techmeme

■ SUMMARY WRITTEN BY AI FROM THE LINKS ABOVE

■ MORE FROM THE BUSINESS DESK

Australian data center provider Firmus is targeting up to $5 billion in an initial public offering by the end of October, according to sources. The listing would rank among Australia's largest IPOs on record.

1H AGOAI Desk

ByteDance, parent company of TikTok, has closed a $29.6 billion loan backed by more than two dozen lenders including ICBC and HSBC. The deal ranks among Asia's largest dollar-denominated financings this year.

2H AGOIndustry Desk

Matt Mullenweg has resumed his role as CEO of Automattic following an attempted ouster by the company's board. The WordPress founder regained control after the board move failed to dislodge him from leadership.

4H AGOIndustry Desk

Major chemical manufacturers are planning to dramatically increase production of PFAS—persistent chemicals linked to cancer—to supply the growing AI industry, according to a campaign group survey of the sector's 10 largest producers.

4H AGOAI Desk

■ SUBSCRIBE TO THE DAILY BRIEF

ONE EMAIL, 5 STORIES, 06:00 UTC. UNSUBSCRIBE ANYTIME.