The post Western Union Eyes Stablecoins After Green Light from Trump’s New Law appeared on BitcoinEthereumNews.com.
Fintech Western Union is taking a serious look at stablecoins as it explores blockchain-based remittance solutions—a notable shift for a company that’s been cautious on crypto in the past. CEO Devin McGranahan confirmed that the firm is now piloting digital asset payments in regions like Africa and South America, where high fees and currency instability make blockchain tools especially attractive. This move follows the recent passage of the GENIUS Act, signed by President Trump, which provides clear rules for stablecoin operations—including full reserve backing and oversight from federal banking regulators. The legislation has opened the door for traditional financial institutions to explore partnerships with crypto firms without regulatory ambiguity. McGranahan, speaking at the NYSE, described stablecoins as a “natural evolution” for Western Union, noting they could speed up transfers, reduce costs, and offer a more stable medium of exchange in emerging markets. While Western Union previously dabbled in blockchain through Ripple and trademark filings, this marks a deeper shift in strategy now that legal guardrails are in place. With pilot programs already underway, Western Union appears ready to modernize its 175-year-old business—this time, by embracing crypto where it matters most. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics. Related stories Next article Source: https://coindoo.com/western-union-eyes-stablecoins-after-green-light-from-trumps-new-law/