Facing growing competition in international payments, Western Union is undergoing a major technological transformation to modernize its cross-border settlement processes. The company is piloting the use of stablecoins, digital currencies pegged to traditional assets like the US dollar, to significantly reduce costs, accelerate transactions, and bypass traditional banking systems. These changes are expected to impact over 150 million customers who rely on Western Union’s services, as they move towards a more efficient and decentralized financial infrastructure. The company’s commitment to blockchain technology is evident in its pilot project, which aims to increase transparency, efficiency, and capital optimization for international transfers.