Western Union is evaluating how to enable customers to buy, sell, and store stablecoins using its global infrastructure, according to comments made by CEO Devin McGranahan in a Bloomberg interview on Monday.
The move would mark a significant step in the convergence between traditional money transfer firms and blockchain-based digital assets.
What Happened: “We are exploring other partnerships with people who want on-ramps and off-ramps in different parts of the world,” McGranahan said, referencing crypto conversion pathways using Western Union’s existing cash-in and cash-out capabilities.
The company is currently piloting stablecoin-linked settlement experiments in South America and Africa …