According to a TechFlow report on July 22, Coindesk reported that Western Union's CEO Devin McGranahan stated that stablecoins are "an opportunity rather than a threat" for the company.



McGranahan believes that any method that allows users to make cross-border remittances faster and at a lower cost will benefit Western Union and its customers. He pointed out: "To my knowledge, you cannot buy Coca-Cola with stablecoin, so converting stablecoin to fiat currency, especially those that are hard to exchange, is an opportunity for us."
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