Western Union to Pilot Stablecoin Transfers
Western Union, a leading remittance giant, is piloting stablecoin-based settlement systems to modernize its global operations.
The company is accelerating its push into digital assets to streamline international money transfers and improve liquidity management.
Western Union previously maintained a cautious stance toward cryptocurrencies, citing volatility, unclear regulations, and customer protection risks.
However, with the improved regulatory environment in the United States, the company's approach is shifting. The recent passage of the GENIUS Act has clarified federal rules for stablecoin issuance and usage.
According to CEO Devin McGranahan, this new framework gives traditional payment companies more confidence to adopt blockchain-based solutions.
Author's summary: Western Union pilots stablecoin transfers.
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