Western Union is accelerating its push into digital assets as it seeks to modernize its global remittance operations. During the company’s Q3 earnings call, CEO Devin McGranahan announced that Western Union has begun piloting stablecoin-based settlement systems. The initiative aims to streamline international money transfers and improve liquidity management. Western Union Tests Stablecoin Settlements After US Rule Change According to him, Western Union previously maintained a cautious stance toward cryptocurrencies, citing volatility, unclear regulations, and customer protection risks
source: https://beincrypto.com/western-union-stablecoin-pilot/