Western Union Considers Jump Onto Stablecoin Bandwagon
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3 Articles
Used worldwide for cross-border money transfers, the Western Union giant is also planning to launch its own... Read more Western Union plans to launch its own stablecoin appeared first on ConseilsCrypto.com.
Western Union Eyes Dollar-Backed Stablecoin To Speed Cross-Border Transfers » News.ng
Western Union is considering entering the stablecoin market as part of a broader push to stay competitive in the fast-changing world of cross-border payments. CEO Devin McGranahan revealed in a recent interview that the money transfer giant is exploring the launch of its dollar-backed stablecoin, initially targeting non-U.S. markets where regulations permit. McGranahan described the potential stablecoin as “almost like a savings account in U.S. …
Western Union Considers Jump Onto Stablecoin Bandwagon
Western Union is reportedly considering the launch of its own dollar-backed stablecoin. [contact-form-7] The remittance company is facing competition from a growing swath of cryptocurrency-centered money movement operations, Bloomberg reported Tuesday (Aug. 12). “We are exploring the opportunity for us to issue a stablecoin, particularly in non-U.S. markets,” CEO Devin McGranahan said, per the report, adding a coin could act “almost lik…
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