Money Giant Western Union to Pilot Stablecoin-Powered Transfers

Western Union tests stablecoin payments for global money transfers

Western Union announced a pilot program embracing stablecoins to expedite cross-border transfers, aiming to reduce costs and enhance transparency for its 150 million customers. Devin McGranahan, Western Union CEO, stated that stablecoin adoption utilizes blockchain technology to replace outdated banking systems, providing faster, cheaper, and more transparent transfers. McGranahan further claimed that there are essential development prospects wh…

Western Union is piloting a stablecoin-based settlement system for global remittances

Western Union is testing stablecoin settlements for faster remittances. The GENIUS Act in the United States has boosted confidence in blockchain-based payment systems. The company plans on/off-ramp partnerships to link crypto and fiat. Global payments leader Western Union is preparing to launch a pilot project that will test a stablecoin-based settlement system aimed at transforming the speed, transparency, and cost efficiency of cross-border re…

Western Union Explores Stablecoins for International Transfers

Western Union is preparing to launch a stablecoin-based settlement pilot, marking its most significant move toward blockchain-powered remittances.

Western Union to Pilot Stablecoin Payments for On-Chain Settlements

Western Union, one of the world’s largest remittance companies, has announced plans to pilot stablecoin payments for on-chain settlements, signaling a major shift toward blockchain integration within traditional finance. The initiative, revealed during the company’s third-quarter 2025 earnings call, aims to improve settlement efficiency, reduce reliance on intermediaries, and lower transaction costs across its global payment network. CEO Devin M…

Western Union pilots stablecoin settlements for remittances

The post Western Union pilots stablecoin settlements for remittances appeared on BitcoinEthereumNews.com. Remittance giant Western Union is piloting a stablecoin-based settlement system to power its treasury operations and modernize how it moves money across borders. Summary Western Union is testing a stablecoin-based settlement system to improve speed, transparency, and cost efficiency in cross-border transactions. CEO Devin McGranahan said the…

Money giant Western Union to pilot stablecoin-powered transfers - WorldNL Magazine

Western Union CEO said there are “significant opportunities” to utilize stablecoins for sending and receiving money across borders. Financial services company Western Union is set to pilot a stablecoin-based settlement system to modernize its remittance operations for its more than 150 million customers.During Western Union’s third-quarter earnings call on Thursday, CEO Devin McGranahan said the pilot is “focused on leveraging onchain settlement…