The official entry into force of the stablecoin law GENIUS Act, signed by Donald Trump in the US last week, has mobilized major corporate giants. At this point, the latest news came from Western Union. Accordingly, global money transfer giant Western Union is reportedly looking for ways to integrate stablecoins into its digital wallet infrastructure, as stablecoins are increasingly accepted in the mainstream following the passage of the GENIUS Act. Speaking to Bloomberg, Western Union CEO Devin McGranahan said the company is exploring partnerships for both entry and exit services to enable customers to buy and sell stablecoins. McGranahan emphasized that Western Union sees stablecoins as an opportunity rather than a threat. “We see stablecoins as an opportunity, not a threat. We're 175 years old, and for those 175 years, we've been innovators. And a stablecoin is another opportunity to innovate.” McGranahan said Western Union sees three key opportunities in stablecoin services: “enabling faster cross-border transfers, facilitating conversion between stablecoins and fiat currencies, and offering a store of value for customers in volatile economies.” As you may recall, US President Donald Trump signed the GENIUS Act last week. Speaking at the signing ceremony, Trump said, “By signing the GENIUS Act, we are taking a giant step toward solidifying American dominance in global finance and crypto technology.” *This is not investment advice. Continue Reading: Donald Trump Signed Last Week, Western Union, One of the World's Largest Companies, Isn't Too Late to Move Into Cryptocurrency! "We See It as an Opportunity!"
