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

Odaily News Devon McGranahan, CEO of Western Union, 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 significant potential in improving cross-border payment efficiency, enhancing the stability of fiat currency exchange, and serving as a means of storing value in economically turbulent countries. The company sees them as opportunities rather than threats.
The 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)