🚨 Western Union Enters Stablecoin Era! 🌍💸
In a major shift, Western Union has confirmed it's embracing stablecoins to modernize cross-border payments.
🔹 CEO Devin McGranahan said stablecoins are an opportunity, not a threat, noting:
“Last I checked, you couldn’t buy a Coca-Cola with stablecoin… Converting it into fiat is where we come in.”
🔹 The company is already running pilot programs across Latin America and Africa, testing:
✅ Real-time settlements
✅ FX efficiency in volatile markets
✅ Stablecoin custody for remittances
🔹 Coming soon: stablecoin support inside Western Union's digital wallet, in partnership with on/off-ramp providers
(hint: USDC & USDT are top contenders 👀).
💡 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. 🌐🚀
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