Western Union, a global leader in remittances, is exploring ways to incorporate stablecoins into its digital wallet services, according to CEO Devin McGranahan in an interview with Bloomberg.
The move comes after the passage of the GENIUS Act, which has boosted the adoption of stablecoins.
McGranahan said the company is evaluating partnerships for on-ramp and off-ramp services, which would allow users to buy and sell digital assets.
It is also evaluating how to offer stablecoin products worldwide.
"We see stablecoin really as an opportunity, not as a threat," he said, highlighting potential benefits such as faster cross-border payments, fiat currency conversion, and stability in volatile economies.