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Chime Looks at Adding Stablecoins to Its Banking App
Chime Financial is looking at ways to work stablecoins into its consumer banking app. Following the passage of the GENIUS Act and wider industry moves toward Open USD, Chime’s potential integration highlights the accelerating push of digital dollar tokens into everyday payment rails.
Chime Financial is looking at ways to work stablecoins into its consumer banking app, another sign that digital dollar tokens keep pushing further out of pure crypto trading and into ordinary payment rails.
What Chime is actually looking at
Chime put a request out to blockchain firms in late spring, asking them to pitch full, “end-to-end” stablecoin wallet services it could build into its app. That’s according to Bloomberg, which cited people with knowledge of the matter and a document it reviewed.
One name that reportedly came up in those conversations is Rain, a startup that builds stablecoin infrastructure. A wallet, in this context, just means the account users need to hold and move these tokens. If Chime folds that capability directly into its own app, customers wouldn’t need to sign up separately with a crypto exchange or any other outside platform to get access.
Chime declined to comment on the reported talks. Rain’s spokesperson kept it just as brief, saying only that the company doesn’t respond to rumors or speculation. Neither side confirmed whether the conversations are still active.
Why banks are turning to stablecoins now
Stablecoins, tokens usually pegged one-to-one to the dollar, have caught on fast with mainstream finance over the last year, largely because they let money move around the clock instead of waiting on banking hours. Volume moving through them more than doubled year over year, reaching USD 390 billion, according to a February report from McKinsey and blockchain data firm Artemis.
Policy is a big part of why. President Trump signed the GENIUS Act into law in July 2025, giving the US its first dedicated legal framework for stablecoins, which helped kickstart a wave of activity among mainstream financial firms. Trump has pushed the technology publicly, pitching it as a way to extend the dollar’s influence abroad.
Chime isn’t the only major player moving on this
Mastercard closed its purchase of stablecoin infrastructure company BVNK just this month, and Visa rolled out its own platform in July for financial firms to issue, move, and manage their own stablecoins.
There’s a bigger industry push happening in parallel too. Back in late June, over 100 companies, Stripe, BlackRock, and Alphabet among them, put out plans to launch a shared stablecoin called Open USD, aimed squarely at a market Tether and Circle currently dominate. Chime is listed as a member of the Open Standard consortium behind that same effort.
Chime founder and CEO Chris Britt was blunt about his enthusiasm when that initiative launched, calling stablecoins “a breakthrough technology.”
Chime’s scale
Chime dates back to 2012 and has since become one of the bigger names in US digital banking. Last year’s IPO put it on public markets, and its user base now sits above 10.4 million active accounts.
What this means for neobanks and stablecoin infrastructure providers
A neobank the size of Chime exploring native stablecoin wallets is worth watching if you’re building payments or banking infrastructure in the US. Once a regulated consumer platform embeds stablecoin rails directly into its app, the licensing questions stop being purely about payments and start overlapping with how digital asset activity gets treated under frameworks like the GENIUS Act.
For fintech and crypto companies weighing a similar move, whether as the bank embedding the wallet or the infrastructure provider building it, this is exactly the kind of cross-border, multi-license structuring question LegalBison works through: which entity holds which obligation, and how that maps across US federal rules and any other jurisdiction the platform touches.
