Western Union, a Global Remittance Service Provider, Seeks Partnerships with Crypto Firms to Offer Stablecoin Services

According to ChainCatcher, as reported by Cointelegraph, the CEO of U.S. international remittance service provider Western Union stated in an interview with Bloomberg that the company is actively exploring the use of stablecoins for cross-border payments, currency exchange, and digital wallets, viewing this as an opportunity for innovation.

The company has already tested related settlement processes in Africa and South America and is seeking to collaborate with crypto firms to offer stablecoin on- and off-ramp services.