Chime explores stablecoin wallets for consumer banking app

Photo: Suiren2022 / Wikimedia Commons / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)

Chime explores stablecoin wallets for consumer banking app

The fintech sought proposals for end-to-end wallet infrastructure as stablecoins move further into everyday payments.

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By Editorial Team
Edited by Estefano Gomez

Chime Financial is exploring ways to add stablecoins to its consumer banking platform.

The San Francisco-based fintech asked blockchain companies to submit proposals for end-to-end stablecoin wallet services, according to people familiar with the plans and a document reviewed by Bloomberg.

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Chime made the request in late spring. The move suggests the company is evaluating infrastructure that could support stablecoin use inside its app.

Stablecoins are increasingly moving beyond crypto trading and into payments and other mainstream financial services.

Chime has not publicly detailed which providers it may select or when a stablecoin feature could launch.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
FINANCE
Chime explores stablecoin wallets for consumer banking app
Chime explores stablecoin wallets for consumer banking app

The fintech sought proposals for end-to-end wallet infrastructure as stablecoins move further into everyday payments.

By Editorial Team
Edited by Estefano Gomez

Share

Add us on Google

Photo: Suiren2022 / Wikimedia Commons / CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)

Chime Financial is exploring ways to add stablecoins to its consumer banking platform.

The San Francisco-based fintech asked blockchain companies to submit proposals for end-to-end stablecoin wallet services, according to people familiar with the plans and a document reviewed by Bloomberg.

Advertisement

Chime made the request in late spring. The move suggests the company is evaluating infrastructure that could support stablecoin use inside its app.

Stablecoins are increasingly moving beyond crypto trading and into payments and other mainstream financial services.

Chime has not publicly detailed which providers it may select or when a stablecoin feature could launch.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.