Western Union Embraces Stablecoins for Next-Gen Payments

Western Union is preparing to enter the stablecoin space, with plans to integrate digital assets into its wallet platform.

CEO Devin McGranahan told Bloomberg the company views stablecoins as a key innovation, not a disruption, to its remittance business.

With the GENIUS Act paving the way, Western Union is exploring partnerships to support stablecoin transactions globally.

McGranahan sees major opportunities in faster settlements, easy fiat conversions, and financial stability for underserved markets. “This is just another chapter in our history of innovation,” he said.