Western Union Eyes Stablecoin Expansion Amid Regulatory Shifts

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Western Union is actively exploring stablecoin integration within its digital wallet ecosystem, signaling a strategic shift toward blockchain-based payments.

CEO Devin McGranahan revealed the plans in a Bloomberg interview, citing the GENIUS Act as a catalyst for adoption.

The company is in talks with potential partners to facilitate stablecoin transactions and may soon offer these services globally.

McGranahan framed the move as part of Western Union’s 175-year history of innovation, identifying three key use cases: faster remittances, seamless fiat conversion, and financial stability in high-inflation regions.