To access the dollar when you cannot access it through traditional or sanctioned financial systems, institutions, and infrastructure. These orgs are trying to skate to where the puck is going to be; as instant payments negate the need for these rails, there still exists a TAM of global unbanked who may want to hold dollars, but for whatever reason, are unable to.

Zelle is issuing their own dollar coin in India, for example.

Zelle® Heads to India, Unveils ZelleUSDSM Stablecoin For Other Markets - https://www.zelle.com/press-releases/zelle-heads-to-india-un... - June 11th, 2026