Stablecore joins Jack Henry to bring stablecoins to 1,600 banks
Stablecore, a digital asset infrastructure provider, has joined the Jack Henry Fintech Integration Network, allowing banks and credit unions on the platform to deliver stablecoin and tokenized asset services through their existing systems.
Jack Henry supplies core processing and digital banking technology to approximately 1,670 banks and credit unions in the United States. Many of those institutions also use its Banno Digital Platform, which supports online and mobile banking for more than 1,000 financial institutions.
On Monday, Stablecore said the integration will link blockchain-based products with traditional core banking infrastructure.
Participating institutions could introduce stablecoin accounts with 24/7 payment capabilities, crypto on- and off-ramps for assets such as Bitcoin (BTC), digital asset–backed lending, tokenized deposits, and staking features where permitted.
Embedding these services within existing banking apps would reduce reliance on standalone wallets or external crypto platforms and reflects a broader move to incorporate blockchain-based assets into regulated financial channels as demand for compliant, onchain cash-management tools grows.
Stablecoin infrastructure push accelerates
In 2023, Stablecore raised $20 million to help smaller banks and credit unions integrate digital asset services, particularly stablecoins, following passage of the US GENIUS Act, which established a federal framework for payment stablecoins.
Stablecore is part of a growing group building stablecoin infrastructure to expand access to digital dollars. Proponents say stablecoins can shorten settlement times, lower cross-border payment costs, and provide continuous transfer capabilities compared with traditional banking rails.
Momentum has been building across both fintech and traditional finance.
Last week, payments operations provider Modern Treasury unveiled an integrated payment service that supports stablecoin transactions alongside wire and ACH transfers through a partnership with the Paxos network, indicating greater interoperability between blockchain-based dollars and legacy payment systems.
After a period of explosive growth, stablecoin issuance has plateaued in recent months, hovering just above $300 billion. Source: MacroMicro
Meanwhile, asset management firm Fidelity Investments has introduced the Fidelity Digital Dollar, a stablecoin scheduled to launch this month and designed to facilitate faster and more efficient international settlements.
Large banks are also evaluating in-house issuance. Citigroup executives have publicly discussed the possibility of launching a native stablecoin as financial institutions seek to modernize cross-border payments and liquidity management.
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