Western Union Tests Stablecoin System for Remittance Revolution

Western Union is taking a pioneering step towards modernizing its global remittance services by launching a pilot program utilizing stablecoins. This initiative promises to benefit over 150 million customers and has been spurred by regulatory clarity under the GENIUS Act. By leveraging stablecoins, Western Union aims to enhance transaction speed and reduce costs, potentially disrupting traditional financial services for cross-border payments.