Golden Finance reports that remittance giant Western Union Co. is considering launching its own dollar stablecoin, as an increasing number of cryptocurrency projects compete with its core business of cross-border money transfers. CEO Devin McGranahan said in an interview on Monday: "We are exploring the opportunity to issue a stablecoin, especially in markets outside the United States." He added that for customers in other countries where regulators allow such activities, this stablecoin could be "almost like a dollar savings account."