What to Know:
- 1️⃣ A global remittance giant is piloting stablecoin-based settlement rails to speed up cross-border payments, cut costs, and boost transparency for its 150M+ users.
- 2️⃣ Regulatory clarity drives innovation with the US’ GENIUS Act providing a compliance framework for Western Union and other institutions to safely adopt blockchain infrastructure.
- 3️⃣ By allowing customers to hold US dollar-linked assets, stablecoins empower financial freedom, stability, and choice.
- 4️⃣ As Western Union and major financial players move toward tokenized payments, Best Wallet Token ($BEST) stands out with its multi-chain wallet, DeFi access, and growing $16.6M presale.
Global remittance leader Western Union (WU) has announced a bold leap into the crypto era in its latest earnings call.
CEO Devin McGranahan revealed a pilot program to leverage stablecoin-based settlement rails in a move that could reshape how money moves across borders and open up new opportunities for token-centric ecosystems such as Best Wallet Token ($BEST).
‘We are actively testing stablecoin-enabled solutions in our treasury operations,’ he said, adding that WU is expanding its partnerships and capabilities to enable its customers to move and hold stablecoin digital assets.
‘This is not about speculation. It is about giving our customers more choice and control in how they manage and move their money.’
Western Union handles roughly 70M transfers every quarter and serves more than 150M customers globally, spanning 200+ countries.
For decades, its infrastructure has depended on the correspondent-banking network – a syst
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Author: Bogdan Patru
