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Western Union CEO Embraces Stablecoins as Innovation Opportunity
Western Union CEO Embraces Stablecoins as Innovation Opportunity
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BTCCSquare news:
Western Union CEO Devin McGranahan has positioned stablecoins as a strategic opportunity rather than a competitive threat, diverging from traditional banking sector concerns. In a Bloomberg interview, McGranahan emphasized the technology's potential to revolutionize cross-border payments through faster settlement times and enhanced accessibility.
The 175-year-old remittance giant sees stablecoins as a natural evolution in its innovation roadmap, particularly for unbanked populations seeking reliable stores of value. "We see stablecoin really as an opportunity, not as a threat," McGranahan stated, highlighting plans to bridge digital and fiat currencies in underserved markets.
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