Western Union announced its intention to integrate stablecoins into its operations

Western Union, a company specializing in money transfers, has announced plans to integrate stablecoins into its own digital infrastructure. This was stated by the company's CEO, Devin McGranahan, in an interview with Bloomberg.

#WesternUnion is exploring partnership opportunities for launching on-ramp and off-ramp services that allow customers to buy and sell stablecoins. The company is also considering options for integrating such assets into digital wallets for global use.

In addition, McGranahan outlined three key opportunities that Western Union sees in the use of stablecoins: faster international transfers; conversion between fiat currencies and stablecoins; and value storage for users in economically unstable countries.

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