Western Union Co. is considering launching its own U.S. dollar stablecoin as a growing number of cryptocurrency projects compete with its core business of transferring money across borders.
"We are exploring opportunities to issue stablecoins, particularly in markets outside the US," chief executive Devin McGranahan said in an interview on Monday, adding that the stablecoin could be "almost like a dollar savings account" for customers in other countries where regulators allow such activity.
Money transfer giant Western Union is considering launching a US dollar stablecoin
2025-08-12 13:30:45
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