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Western Union Integrates Stablecoins for Faster Money Transfers

Western Union Integrates Stablecoins for Faster Money Transfers

Cointurk2025/07/22 22:45
By: İlayda Peker
In Brief Western Union considers stablecoin integration in its digital wallet. The GENIUS Act provides a federal framework for stablecoin issuers. Western Union sees stablecoins as an innovation opportunity, not a threat.

Money transfer giant Western Union is considering integrating stablecoins into its digital wallet amid growing optimism following U.S. President Donald Trump signing the GENIUS Act last week. CEO Devin McGranahan revealed in a Bloomberg interview that they are exploring on-ramp/off-ramp partnerships to enable customers to buy and sell stablecoins. He emphasized three opportunities: enhancing cross-border transfers, stablecoin-fiat conversions, and value preservation in volatile economies.

Western Union Seeks Innovation with Stablecoins

With its 175-year history as a backdrop, Western Union aims to remain innovative, viewing stablecoins as part of this trajectory. McGranahan stated that their goal is to expedite the money transfer process and stretch financial boundaries. To achieve this, they prioritize partnerships to facilitate stablecoin transactions and test technical integration through their digital wallet.

Western Union Integrates Stablecoins for Faster Money Transfers image 0 Crypto Traders Are Rushing to This App – Here’s Why You Should Too

The company also seeks to offer consumers an alternative for preserving value under volatile market pressures. This approach enables Western Union to utilize traditional financial infrastructure alongside next-generation assets simultaneously. By breaking the perception of threat, the company aims to maintain a competitive edge.

The Impact of the GENIUS Act

Signed into law by Trump, the Guiding and Establishing National Innovation for U.S. Stablecoins or GENIUS Act provides a federal framework for stablecoin issuers. The bill requires issued coins to be fully collateralized with U.S. dollars or highly liquid assets. Furthermore, issuers with a market value exceeding $50 billion must undergo annual audits, and rules are set for foreign entities’ issuances.

During the signing ceremony, Trump stated, “We strengthened our leadership in American finance and cryptocurrency technology.” This statement clarified and amplified Washington’s stance on stablecoins, prompting sector players to reevaluate their strategies. Western Union’s announcements emerged within this new climate.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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