Western Union explores integration of stablecoin services, calling it an important opportunity to accelerate cross-border payments

Odaily Planet Daily News Western Union CEO Devin McGranahan said the company is actively exploring the integration of stablecoin services in digital wallets and plans to establish relevant deposit and withdrawal partnerships to support users in buying and selling stablecoins. He pointed out that stablecoins have great potential in improving cross-border payment efficiency, enhancing the stability of fiat currency exchange, and serving as a means of value storage in economically turbulent countries. The company sees it as an opportunity rather than a threat. This statement was released after the signing of the GENIUS Act, which established a federal regulatory framework for stablecoins and promoted their compliance in the global financial system. (The Block)