Global remittance giant Western Union is exploring ways to integrate stablecoins into its digital wallet infrastructure, as adoption of the technology continues to accelerate, particularly following the recent passage of the GENIUS Act in the United States.
In an interview with Bloomberg, Western Union CEO Devin McGranahan revealed that the company is actively seeking new partnerships to offer both direct and indirect services that enable users to buy and sell stablecoins.
“We don’t see stablecoins as a threat, but as a real opportunity,” said McGranahan. “Western Union has been around for 175 years, and we’ve always led with innovation. Stablecoins represent the next step in that journey.”
The company is currently evaluating how to offer stablecoin products through its digital wallets to better serve its global customer base. McGranahan outlined three key use cases the company is eyeing:
- Faster cross-border remittances
- Seamless conversion between fiat and stablecoins
- A reliable store of value in economically volatile markets
The timing of this announcement is significant. It follows U.S. President Donald Trump’s signing of the Guiding and Establishing National Innovation for U.S. Stablecoins Act, better known as the GENIUS Act, just last week.
During the signing ceremony, Trump declared, “We’re taking a giant step to cement American dominance in global finance and digital currency technology with this historic legislation.”
It is worth noting that the GENIUS Act establishes a federal regulatory framework for stablecoins, mandating that they be fully backed by U.S. dollars or high-quality liquid assets. It also requires annual audits for issuers exceeding a $50 billion market cap, and places strict controls on foreign-issued stablecoins.
Even Western Union is riding the stablecoin wave, an astonishing sign of how much traction these digital assets have gained in 2025. What was once considered a niche financial tool has now become central to global fintech innovation.
