The Maine Bankers Association, an advocacy group advancing the interests of its members, and Stablecore, a platform enabling community and regional banks to offer stablecoins, tokenized deposits and digital asset products, recently entered into a strategic partnership.
Under the terms of the partnership, Stablecore becomes the preferred technology provider for the association’s members. Maine financial institutions now will be able to offer digital asset-based loans, GENIUS-compliant stablecoin rails alongside existing payment options, digital asset accounts, and tokenized deposits. Clients with eligible assets can earn staking yield on their holdings.
“We’re excited about this new partnership with Stablecore,” Jim Roche, Maine Bankers Association president, said. “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.”
Maine banks also be able to increase deposit bases, have access to new revenue streams, attract new customers and retain account primacy.
The Maine Bankers Association’s 29 retail bank members operate 432 offices statewide and employ more than 7,000 people. Maine’s banking industry has assets exceeding $42 billion.
Stablecore integrates into bank and credit unions’ existing digital banking systems.