Stablecoin Boom Accelerates as Citi and Western Union Lead the Charge

The race for stablecoin infrastructure is heating up across Wall Street, with major financial institutions like Citigroup and Western Union leading the charge. These industry giants are exploring new applications for this technology, driven by both increased client demand and regulations pushing forward. The US GENIUS Act, expected to take effect in early 2027, has fueled speculation about a wave of stablecoin-related initiatives.