Tennessee Bankers Association Picks Stablecore for Digital Assets
Tennessee Bankers Association named Stablecore a preferred provider to help roughly 175 member banks issue stablecoins, tokenized deposits and offer digital-asset lending via existing systems.
The Tennessee Bankers Association on Tuesday named Stablecore a preferred technology provider to enable its roughly 175 member banks to issue stablecoins, tokenized deposits and provide digital-asset-backed lending through their existing systems.
Under the agreement, Stablecore will supply backend infrastructure that supports issuance and lifecycle management of tokenized assets, while handling compliance checks and integration with banks’ core systems. The vendor recently joined the Jack Henry Integration Network, which connects digital banking technology to about 1,670 banks and credit unions.
The endorsement gives Stablecore direct access to the association’s member base and may speed adoption among community and regional banks that do not maintain in-house digital-asset teams. The platform links token issuance and management to existing account and reserve systems.
The selection comes as Congress continues to consider market-structure legislation for crypto. Senator Bill Hagerty wrote there is “still a lot more work to do” before lawmakers can pass comprehensive rules. Senator Thom Tillis told reporters he plans to press the Senate Banking Committee to take up crypto market-structure legislation when it returns to session on May 11.
Banking groups have raised concerns about whether stablecoin issuers should be allowed to offer yield or interest. The Independent Community Bankers of America urged Congress to ensure any measure addresses concerns about “the harmful impact on local economies of allowing crypto exchanges and other intermediaries to pay interest or yield on payment stablecoins.”
The TBA’s endorsement does not require member banks to offer new products. Instead, it provides a vetted technical option for institutions that choose to explore tokenized deposits, programmable payments and asset-backed lending. Third-party infrastructure like Stablecore’s embeds compliance controls and connects tokenized asset functions with established banking operations.
How quickly banks deploy services and what they will offer will depend in part on forthcoming federal guidance and any legislation that clarifies how stablecoins should be issued and supervised.
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