Why Western Union Is Finally Embracing Stablecoins After Years of Caution

Western Union CEO Devin McGranahan confirmed during a conference call that the company is now actively testing stablecoin-based solutions for treasury transactions. The goal is to shorten settlement times, increase transparency, and reduce operational costs as the payment giant explores its next phase of digital transformation. The announcement follows McGranahan’s earlier comments in July 2025, when he first revealed plans to integrate stablecoins after the passage of the GENIUS Act, the new U.S. framework governing stablecoin issuance and circulation. The act, signed into law by U.S. President Donald Trump, has opened a clearer regulatory path for companies to adopt digital assets. Stablecoins Enter Western Union’s Strategy For Faster Payments At Western Union’s Q3 2025 financial results conference, McGranahan reiterated that the company has begun testing stablecoin solutions in its treasury operations. The initiative aims to reduce reliance on traditional banking systems, shrink settlement windows, and improve capital efficiency for global transactions. The CEO also noted growing interest from potential partners and expressed confidence that Western Union could become a bridge between TradFi and DeFi, offering customers additional ways to store and move value. “This is about giving our clients greater choice and control over how they manage and move their money,” McGranahan said, pointing to inflation-stricken regions where U.S.-denominated digital assets could offer real protection for savings and purchasing power. New Law and Next Steps In Digital Integration The company hinted that future features could eventually allow users to store stablecoins directly on Western Union’s platform, though no specific launch timeline has been announced. McGranahan added that stablecoin testing is part of a wider modernization effort running across multiple internal initiatives. With regulatory clarity now emerging and corporate adoption expanding, Western Union’s move signals a meaningful shift in how legacy financial institutions may approach digital assets going forward.

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Source: Coinpaper