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Utah Bankers Association endorses Stablecore for stablecoins

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April 20, 2026

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The Utah Bankers Association has officially endorsed Stablecore for its stablecoin, tokenized deposits and digital asset products. Through this endorsement, Stablecore will offer its stablecoin and digital asset solutions fo Utah's state-chartered banks, according to a press release.

"Our member banks are focused on meeting customer expectations in a rapidly changing environment, while continuing to serve as trusted financial partners in their communities," Howard Headlee, president and CEO of the Utah Bankers Association, said in the release. "Digital assets represent an important shift in financial services, and this endorsement provides a practical, responsible path for Utah banks to explore these capabilities and position themselves for the future."

In particular, Utah banks can offer stablecoin payments and acceptance through GENIUS-compliant stablecoin rails. They can also provide:

Digital asset accounts with on and off ramps.
Asset-collateralized lending.
Tokenized deposits.
Staking yield for digital assets.

"Banks are looking for solutions that allow them to meet growing customer interest in digital assets without compromising regulatory or operational standards," Alex Treece, CEO and co-founder of Stablecore, said in the release. "Empowering banks to compete in digital assets and remain as central players in our financial system is Stablecore's incredibly important and exciting mission. This endorsement validates what we have built, and we look forward to continuing our relationship with Utah banks as they evolve for the future."

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