Stablecore, a platform allowing community and regional banks to provide stablecoin and digital asset services, has announced a strategic partnership with the Maine Bankers Association.
Under the arrangement, Stablecore will act as a preferred technology provider for the association’s member institutions, supporting them in rolling out stablecoin and digital asset products to both existing and prospective customers.
Through the partnership, Maine-based financial institutions will gain access to a range of digital asset capabilities. These include stablecoin accounts, payments and acceptance operating on GENIUS-compliant rails around the clock, as well as digital asset accounts, complete with on and off ramps embedded within existing digital banking platforms.
Members will also be able to offer digital asset-collateralised lending, providing access to high-yield loan opportunities, alongside the tokenisation of deposits and other assets such as treasuries, loans and securities. Additionally, clients holding eligible assets including ETH and SOL will be able to earn staking yields on their holdings.
Maine Bankers Association president Jim Roche said, “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.”
Stablecore COO and co-founder Nick Elledge said, “Banks need to be able to compete in digital assets to remain a vital part of our financial ecosystem. We look forward to working with Maine Bankers Association and the institutions in the state as they modernize for today’s economy.”
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