According to reports from Wu, Devin McGranahan, CEO of global remittance giant Western Union, stated that the company is exploring the launch of stablecoin services in digital wallets. Plans are underway to establish channels for the inflow and outflow of buying and selling stablecoins. He pointed out that stablecoins have great potential in accelerating cross-border transfers, improving fiat currency exchange efficiency, and providing a means of value storage for economically unstable countries.