Utah Bankers Association Endorses Stablecore as Digital Asset Technology Provider

Stablecore, the platform enabling community and regional banks to offer stablecoins, tokenized deposits and digital asset products, announced its official endorsement from Utah Bankers Association (UBA), the professional and trade association for Utah’s commercial banks, savings banks and industrial loan corporations.

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As an endorsed vendor, Stablecore will serve as the preferred technology provider for Utah’s state-chartered banks, enabling the institutions to offer stablecoin and digital asset products to remain competitive in the market and provide additional value to current and new customers.

“Our member banks are focused on meeting customer expectations in a rapidly changing environment, while continuing to serve as trusted financial partners in their communities,” said Howard Headlee, President & CEO of the Utah Bankers Association. “Digital assets represent an important shift in financial services, and this endorsement provides a practical, responsible path for Utah banks to explore these capabilities and position themselves for the future.”

The challenge for depository institutions is understanding and bringing together the numerous, complex pieces required to support digital asset offerings. Stablecore unifies these critical components, enabling financial institutions to offer digital asset products without changing their technology infrastructure. With Stablecore, Utah financial institutions can now offer:

• Stablecoin Accounts, Payments and Acceptance: Facilitate 24/7/365, instant, GENIUS-compliant stablecoin rails alongside existing payment options
• Digital Asset Accounts with On and Off Ramps: Drive greater deposits with digital asset accounts (e.g., Bitcoin) and seamless on and off ramps directly inside existing digital banking experiences
• Digital Asset-Collateralized Lending: Unlock new high yield loan opportunities through digital asset-based loans
• Tokenized Deposits and Assets: Tokenize deposits and support the growing ecosystem of other tokenized assets such as treasuries, loans, securities
• Staking Rewards: Enable clients with eligible assets (e.g., ETH, SOL) to earn staking yield on their holdings

“Banks are looking for solutions that allow them to meet growing customer interest in digital assets without compromising regulatory or operational standards,” said Alex Treece, CEO and co-founder of Stablecore. “Empowering banks to compete in digital assets and remain as central players in our financial system is Stablecore’s incredibly important and exciting mission. This endorsement validates what we have built, and we look forward to continuing our relationship with Utah banks as they evolve for the future.”

Ogden-based Bank of Utah participated in Stablecore’s $20M funding round in late 2025 as an investor, and became a customer this year – a partnership that reflects Bank of Utah’s commitment to exploring emerging technologies in finance.

Utah banks will benefit from Stablecore’s industry-leading expertise and innovative technology. From instant global payments and treasury management with stablecoins, to digital asset custody and exchange, to digital asset-backed lending and more, Stablecore opens up new revenue streams, increases deposit bases and allows financial institutions to attract new customers and retain account primacy.

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