๐จ Western Union Enters Stablecoin Era! ๐๐ธ
In a major shift, Western Union has confirmed it's embracing stablecoins to modernize cross-border payments.
๐น CEO Devin McGranahan said stablecoins are an opportunity, not a threat, noting:
โLast I checked, you couldnโt buy a Coca-Cola with stablecoinโฆ Converting it into fiat is where we come in.โ
๐น The company is already running pilot programs across Latin America and Africa, testing:
โ Real-time settlements
โ FX efficiency in volatile markets
โ Stablecoin custody for remittances
๐น Coming soon: stablecoin support inside Western Union's digital wallet, in partnership with on/off-ramp providers
(hint: USDC & USDT are top contenders ๐).
๐ก Why this matters: Western Union handles billions in remittances. By adopting blockchain rails + stablecoins, they could slash fees and settlement times and stay competitive against crypto-native platforms.
This is not just another fintech headline. It's one of the oldest financial giants finally stepping onto the decentralized rails. ๐๐
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