Zelle to expand peer-to-peer payment service to India this year

Zelle, a popular payment service, is set to launch in India later this year. This marks Zelle's first international expansion. The company will also introduce its own U.S. dollar-backed stablecoin, ZelleUSD. This stablecoin will support Zelle's future international market growth. Zelle has seen significant transaction volume in the U.S. despite facing scrutiny over fraud.