News about Wells Fargo

Wells Fargo said on its October 13 third-quarter 2026 earnings call that it plans to launch a stablecoin in the first half of 2027 alongside 20 other international financial institutions, aimed at cross-border and institutional payments and digital asset settlement. The move builds on a reserve-backed stablecoin collaboration with Early Warning Services disclosed in its 2025 annual report and a March 2026 trademark filing for 'WFUSD'. The bank also launched tokenized deposits on its proprietary blockchain in September 2026, with transactions reaching beneficiary accounts in two minutes or less versus one to two days for traditional cross-border transfers. According to a Yahoo Finance article citing CoinDesk, Wells Fargo is reportedly in talks with Payward, the parent company of Kraken, to secure liquidity for crypto trading.