Western Union plans to integrate stablecoins into its digital wallet products

PANews reported on July 22 that according to Cryptobriefing, Western Union CEO Devin McGranahan said in an interview with Bloomberg's "The Close" program on Monday that Western Union views stablecoins as an opportunity. The company is actively adjusting its infrastructure and expanding partnerships to integrate related technologies into its global payment network. McGranahan pointed out that Western Union, with 175 years of history, faces three key opportunities: cross-border rapid remittances, stablecoin and fiat currency exchange, and providing value storage tools for customers. He added: "We believe stablecoins are indeed an opportunity, not a threat." McGranahan revealed that the company has been testing new settlement systems in South America and Africa to accelerate remittance processes, while exploring the provision of stablecoin services in its digital wallet through partnerships.