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Western Union explores the integration of stablecoin services, calling it an opportunity rather than a threat.
According to Mars Finance, The Block reported that Western Union CEO Devin McGranahan stated that the company is exploring the possibility of launching stablecoin services in digital Wallets and plans to establish partnerships for entrance and exit to support customers in buying and selling stablecoins. He emphasized that stablecoins present three major opportunities: enhancing the speed of cross-border transfers, stablecoin and fiat exchanges, and storing value in turbulent economies. This initiative was proposed after the signing of the GENIUS Act, which establishes a federal regulatory framework for stablecoins, promoting their compliance development in the global mainstream financial system.