Stablecore, a platform enabling community and regional banks to offer stablecoin and digital asset services, has entered into a strategic partnership with the Maine Bankers Association.
As part of this collaboration, Stablecore will serve as the preferred technology provider for member institutions of the association. This initiative aims to assist these banks in introducing stablecoin and digital asset products to both current and potential clients.
Maine’s financial institutions will benefit from a variety of digital asset features through this partnership. These offerings will encompass stablecoin accounts and payment processing on GENIUS-compliant platforms, available 24/7, alongside digital asset accounts with integrated on and off ramps within existing digital banking systems.
Furthermore, association members will have the opportunity to provide digital asset-collateralized lending, granting access to lucrative loan options. They will also be able to tokenize deposits and other assets such as treasuries, loans, and securities. Clients with eligible assets, including ETH and SOL, will have the prospect of earning staking yields on their investments.
President of the Maine Bankers Association, Jim Roche, expressed enthusiasm for the collaboration, stating, “We’re excited about this new partnership with Stablecore. Stablecoins and digital assets are here to stay, so it makes sense for banks to accommodate the demand from customers who want to incorporate stablecoins into their current banking services. Stablecore has the digital asset technology solutions to do exactly that.”
Nick Elledge, COO and co-founder of Stablecore, emphasized the importance of banks adapting to digital assets to stay relevant in the evolving financial landscape. He stated, “We look forward to working with the Maine Bankers Association and the institutions in the state as they modernize for today’s economy.”
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