Western Union CEO Devin McGranahan is betting big on stablecoins, calling them a game-changer for faster, cheaper global money transfers. Here’s what he said.
In a surprising twist that’ll make both crypto bros and fintech nerds nod in approval, Western Union CEO Devin McGranahan is giving stablecoins a warm welcome.
In a recent chat with Bloomberg, McGranahan said that stablecoins aren’t a threat—they’re an opportunity. And yep, he means for Western Union too. Instead of freaking out about crypto disrupting the old-school money transfer game, he’s looking at how it can actually level up their services.
Stablecoins, he explained, can help make cross-border transfers faster and cheaper—a win for both the company and customers. Sure, you can’t go to the store and swipe a stablecoin (yet), but they can be converted to fiat, especially in countries where liquidity’s tighter than your jeans after laundry day.
McGranahan also gave a shoutout to the recently passed GENIUS Act in the U.S.—a law that finally gives stablecoins a real regulatory framework. He sees it as a green light for integrating digital currency tech into Western Union’s global operations.
The company’s already exploring crypto partnerships, so don’t be shocked if you see stablecoins pop up in your WU app sooner than later.
Long story short? Western Union isn’t running from Web3—it’s gearing up to ride the wave.
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