The Tennessee Bankers Association has selected infrastructure provider Stablecore as a preferred technology partner to help its member banks offer digital asset services. This partnership will give Stablecore access to roughly 175 regional and community banks, accelerating adoption of services like stablecoins and tokenized deposits. The move highlights a trend of traditional financial institutions relying on third-party providers to integrate crypto capabilities.
The Tennessee Bankers Association (TBA) has chosen Stablecore as a preferred technology provider for digital asset services. This selection gives the infrastructure firm exposure to the association’s approximately 175 member institutions.
The partnership enables community and regional banks to offer products like stablecoins and tokenized deposits. Stablecore provides the backend infrastructure for issuing and managing these tokenized assets.
This endorsement reflects a broader trend of traditional financial institutions seeking third-party providers. These partnerships allow banks to integrate crypto-related services without building the infrastructure internally.
The TBA’s move comes as U.S. lawmakers continue to debate comprehensive market structure legislation. Senator Bill Hagerty recently stated there is “still a lot more work to do” before Congress can advance such bills.
Meanwhile, Senator Thom Tillis plans to push the Senate Banking panel to take up crypto market-structure legislation. Proposed bills aim to clarify how stablecoins are issued and supervised.
Banking groups continue to raise concerns about stablecoin design, particularly regarding yield. The Independent Community Bankers of America called on Congress to address the potential economic impact of allowing interest on payment stablecoins. Industry advocates argue recent compromises may not fully restrict these yield-bearing assets.
