Western Union is also making stablecoins: Why might it be personally ending its high-margin remittance business?


【Plain Language Guide】When Western Union starts making stablecoins, the real question isn't "Are they optimistic about crypto," but rather: Why are they actively dismantling their own moat?
The most interesting part of this article is that it brings to light the most hidden and profitable part of the remittance industry—exchange rate spreads.
Once stablecoins reduce cross-border transfers to a few cents and complete in seconds, the old business model that relied on friction for profit will no longer be viable as it was before.
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