Stablecore, a platform designed to enable community and regional banks to offer stablecoins, tokenized deposits, and digital asset products, has received an official endorsement from the Tennessee Bankers Association (TBA). This partnership establishes Stablecore as the preferred digital asset technology provider for the TBA’s 175 member institutions and additional associate members, allowing Tennessee banks to integrate digital asset offerings.
Through this collaboration, Tennessee banks will be positioned to introduce stablecoin and digital asset products, aiming to maintain market competitiveness and enhance value for their customers. The Tennessee Bankers Association, founded in 1890, serves banks, thrift institutions, and trust companies across the state.
Colin Barrett, President and CEO of the Tennessee Bankers Association, stated that infrastructure partners are crucial in supporting Tennessee banks as the industry evolves and customer demands shift. He added, “We look forward to working with Stablecore to support the innovation of our members. Bank customers will greatly benefit from digital asset functionality within the secure and trusted environment of their local bank.”
Financial institutions often face challenges in integrating the various components required to support digital asset offerings. Alex Treece, CEO and co-founder of Stablecore, commented, “This endorsement validates our mission of bringing compliant, industry-leading digital asset technology to Main Street financial institutions and the communities they serve.” He emphasized that operationalizing digital asset programs is an important step for banks to remain competitive and retain customers this year.
Stablecore aims to simplify the implementation of digital asset offerings by unifying essential components, enabling financial institutions to adopt these products without altering their existing technology infrastructure. With Stablecore, Tennessee banks can offer several services.
These services include Stablecoin Accounts, Payments, and Acceptance, which facilitate 24/7/365, instant, GENIUS-compliant stablecoin transactions alongside traditional payment options. Banks can also provide Digital Asset Accounts with On and Off Ramps, designed to increase deposits through digital asset accounts (such as Bitcoin) and offer seamless integration into existing digital banking experiences. Additionally, Stablecore supports Digital Asset-Collateralized Lending, creating new loan opportunities backed by digital assets.
The platform also enables the Tokenization of Deposits and Assets, supporting the growing ecosystem of other tokenized assets like treasuries, loans, and securities. Furthermore, it allows for Staking Rewards, enabling clients with eligible assets, such as ETH and SOL, to earn staking yield on their holdings.
Wade Peery, a veteran Tennessee Banker, noted that Stablecore provides the infrastructure for community banks to adapt to stablecoins and tokenization without requiring a complete overhaul of their current technology stack. He described the shift toward digital assets as one of the most significant changes faced by banks and called the endorsement a “win for Tennessee banks,” allowing bankers to focus on serving their communities.
Through Stablecore’s technology, Tennessee banks are expected to benefit from new revenue streams, expanded deposit bases, and the ability to attract new customers while retaining existing account primacy. Stablecore is backed by investors including Norwest, BankTech Ventures, Curql, EJF Ventures, and Bankers Helping Bankers Fund.
