Deep Tide TechFlow News, on July 22, according to Coindesk, Western Union's CEO Devin McGranahan stated that stablecoins are an "opportunity rather than a threat" for the company.

McGranahan believes that any method that allows users to make cross-border remittances faster and at a lower cost will benefit Western Union and its customers. He pointed out: "As far as I know, you cannot buy Coca-Cola with stablecoins, so converting stablecoins into fiat currency, especially those that are hard to exchange, is an opportunity for us."