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Western Union Considers Jump Onto Stablecoin Bandwagon

Summary by PYMNTS.com
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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PYMNTS.com broke the news in on Tuesday, August 12, 2025.
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