Zelle's operators chose India as their first overseas remittance market and launched the USD stablecoin ZLUSD.

According to Huoxun Finance, Early Warning Services, the operator of Zelle, announced that India will become the first country for US users to send money overseas through Zelle, with the service expected to launch before the end of this year. The company also launched the US dollar-backed stablecoin ZelleUSD (ZLUSD) to expand its international payment capabilities in other markets; more details will be disclosed in the coming months. The company is jointly owned by seven US financial institutions, including Bank of America, JPMorgan Chase, and Wells Fargo.