Western Union Pilots Stablecoin Payments to Revolutionize Cross-Border Transfers
Western Union is testing stablecoin-based payments in a bold MOVE to modernize global money transfers. The 150-year-old financial giant aims to slash costs and improve transparency for its 150 million customers by leveraging blockchain technology. "This isn't just about faster transactions—it's about rebuilding financial infrastructure," said CEO Devin McGranahan during the Q3 2025 earnings call.
The pilot program could prove transformative in hyperinflationary economies like Argentina and Venezuela, where stablecoins offer both a reliable store of value and gateway to financial inclusion. Western Union processes 70 million quarterly transfers across 200 countries, positioning it to drive mainstream crypto adoption. Regulatory clarity from the GENIUS Act has accelerated institutional interest, with the stablecoin market projected to grow from $300 billion to $2 trillion by 2028.
