Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Falcon Finance Launches $10M Onchain Insurance Fund

29/08/2025

Celsius to Begin 3rd Distribution of $220.6 Million to Eligible Creditors 

29/08/2025

Court to Hear Fed Governor Lisa Cook’s Suit Against Trump on Friday

29/08/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    New Wallet Transfers $68.24M from FalconX

    29/08/2025

    Ethereum Whales Are Selling in August—Analyst Explains Why It’s Not Bearish

    29/08/2025

    James Wynn Opens 25x ETH Trade With 111 ETH After Return

    29/08/2025

    Bullish Bitcoin Driver Based on Ethereum Revealed by ‘$1 Million BTC’ Samson Mow

    29/08/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    27/08/2025

    Blue chip NFTs sink double digits as ETH retreats from record highs

    26/08/2025

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    26/08/2025

    What’s Behind the Double-Digit Declines?

    26/08/2025

    Falcon Finance Launches $10M Onchain Insurance Fund

    29/08/2025

    Celsius to Begin 3rd Distribution of $220.6 Million to Eligible Creditors 

    29/08/2025

    Court to Hear Fed Governor Lisa Cook’s Suit Against Trump on Friday

    29/08/2025

    Crucial Ethena ENA Deposit to Binance Sparks Market Interest

    29/08/2025
  • Blockchain

    MetaMask Guide: The Gateway to Web3

    29/08/2025

    Zoro Partners with Fireverse Ventures to Redefine AI-Powered Music in Web3

    29/08/2025

    Concordium Partners with Safle Wallet to Grow PayFi Ecosystem in Web3

    29/08/2025

    SocioAgent Integrates PAI3’s AI Compute Infrastructure to Power Transparent, People-Powered AI Agent Social Network

    29/08/2025

    Blockchain: The missing link in AI’s path to consciousness

    29/08/2025
  • DeFi

    Falcon Finance Launches $10M Onchain Insurance Fund

    29/08/2025

    Creditlink Joins WLFI to Build a Secure and Accessible DeFi Future

    29/08/2025

    Navi Protocol BTC Deposits Hit Astounding 2,200, Solidifying Sui’s DeFi Leadership

    29/08/2025

    Mantle Becomes Top DeFi Treasury with Over $4B in Assets

    29/08/2025

    Crypto loans skyrocket 42% as Tether dominates CeFi lending

    29/08/2025
  • Metaverse

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025

    The Sandbox Game Maker: Unleashing Revolutionary Metaverse Experiences

    07/08/2025

    Where Has the Metaverse Gone? Examining a Failed (and Costly) Trend

    01/08/2025

    From Metaverse to Machine Learning, Inside Meta’s $72 Billion AI Gamble

    31/07/2025
  • Regulation

    Celsius to Begin 3rd Distribution of $220.6 Million to Eligible Creditors 

    29/08/2025

    Coinbase Declares Stablecoins Superior—Faster, Cheaper, More Global Than Legacy Finance

    29/08/2025

    Publicly-Listed AMTD Group Wants Investors’ Crypto in Equity Swap Program

    29/08/2025

    Fed Chair Jerome Powell is in Charge of Bitcoin and Altcoins! So What Should We Expect in the Short Term?

    29/08/2025

    Expert Counters FUD About Tether With Evidence of U.S. Expansion and Strong Financial Ties

    29/08/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Crucial Ethena ENA Deposit to Binance Sparks Market Interest

    29/08/2025

    OKX Japan Receives Full FSA Approval, Ranks Top 3 in Country

    29/08/2025

    Bybit EU adopts Nasdaq’s surveillance platform to strengthen MiCAR compliance

    29/08/2025

    Unraveling the $400 Million Mystery

    29/08/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

    29/08/2025

    GaFin Joins Cyber Crash to Advance Web3 Gaming

    28/08/2025

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    28/08/2025

    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    28/08/2025

    Bitcoin Miner IREN’s AI Push Gains Momentum, Price Target Hiked 60% to $37: Canaccord

    29/08/2025

    Hut 8 Maps ‘Path to Monetization’ of Energy Assets as Bitcoin Mining Carve-Out Nears: Benchmark

    28/08/2025

    Bitcoin Mining Earnings Dip as Hashprice Falls 7.61% in 30 Days

    28/08/2025

    TeraWulf’s Multi-Billion Dollar HPC Deal Backstopped by Google

    27/08/2025

    Court to Hear Fed Governor Lisa Cook’s Suit Against Trump on Friday

    29/08/2025

    Rethinking Financial Surveillance and Privacy in Crypto

    29/08/2025

    Unicoin says SEC distorted its filings in $100M fraud case

    29/08/2025

    Socios.com Secures Crucial European Regulatory Milestone

    29/08/2025

    Falcon Finance Launches $10M Onchain Insurance Fund

    29/08/2025

    Celsius to Begin 3rd Distribution of $220.6 Million to Eligible Creditors 

    29/08/2025

    Court to Hear Fed Governor Lisa Cook’s Suit Against Trump on Friday

    29/08/2025

    Crucial Ethena ENA Deposit to Binance Sparks Market Interest

    29/08/2025
  • MarketCap
NBTC News
Home»Regulation»Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure
Regulation

Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

NBTCBy NBTC03/08/2025No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Western Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market and regulatory clarity improves.

Speaking to Bloomberg on Tuesday, CEO Devin McGranahan said the firm saw three opportunities for stablecoin use around faster cross-border payments, better fiat conversion options in harder-to-reach markets, and offering a store-of-value product for customers in countries with weaker currencies.

“We see stablecoins really as an opportunity, not as a threat,” he said.

McGranahan’s comments follow a surge of interest in stablecoins across the financial sector as regulatory clarity emerges. 

Last week, President Donald Trump signed the GENIUS Act into law, establishing a formal U.S. framework for issuing and trading stablecoins. 

The move is expected to accelerate adoption by banks, retailers, and traditional finance players, many of whom have recently expressed interest in entering the space.

Western Union is already running pilots for new settlement processes in regions such as South America and Africa, McGranahan said, and is working with infrastructure firms to improve foreign exchange conversion and the speed of settlement. 

The company is also exploring partnerships to act as an on- and off-ramp for crypto in certain jurisdictions and considering stablecoin wallet offerings.

“It’s exciting to see industry giants like Western Union exploring stablecoins, and it’s easy to see why,” Darren Wang, founder and CEO at Taiwanese blockchain technology company OwlTing Group, told Decrypt.

“Stablecoins offer a faster, cheaper, and more flexible alternative to traditional banking systems,” he said.

A greater cost

OwlTing, which has partnered with Western Union competitor MoneyGram on stablecoin projects, has seen ”double-digit monthly inquiries” from businesses interested in using stablecoins since May, according to Wang.

He pointed out that part of their appeal is because the average global remittance fee still sits at 6.6%.

Stablecoins, meanwhile, can reduce costs well below the UN’s 3% target by cutting intermediaries and FX markups. Settlements are typically near-instant and operate 24/7, unlike legacy systems.

“Regulatory clarity, like the U.S. GENIUS Act and Europe’s MiCA, is accelerating this move,” Wang added. “I’d expect major players to wrap up exploration or pilots by late 2025, with widespread adoption hitting in 2026 as compliance frameworks and tech integrations such as APIs and treasury workflows become mature.”

Despite the momentum, some remain skeptical.

In the U.S., Senator Elizabeth Warren previously warned that allowing the GENIUS Act to pass could open the door for tech billionaires to issue private currencies.

“If Congress doesn’t fix it, billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg could launch stablecoins that track your purchases, exploit your data, and squeeze out competitors,” she warned. “Then they’ll come begging for a bailout when it inevitably blows up.”

Her comments followed not just announcements from banks around exploring stablecoins but retail giants like Walmart and Amazon. Further afield, Chinese giants JD.com and Alipay are pursuing regulatory approvals for stablecoin offerings in international markets.

While some corridors still pose challenges in terms of infrastructure and conversion fees, Wang also noted growing uptake among SMEs and migrant worker platforms, particularly for payments into Africa, where transparency and speed often outpace traditional banks.

“I think the future winner will be the one who eliminates [as many] intermediaries as possible and provides a total solution within the payment ecosystem,” he said.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Celsius to Begin 3rd Distribution of $220.6 Million to Eligible Creditors 

29/08/2025

Coinbase Declares Stablecoins Superior—Faster, Cheaper, More Global Than Legacy Finance

29/08/2025

Publicly-Listed AMTD Group Wants Investors’ Crypto in Equity Swap Program

29/08/2025

Fed Chair Jerome Powell is in Charge of Bitcoin and Altcoins! So What Should We Expect in the Short Term?

29/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Falcon Finance Launches $10M Onchain Insurance Fund

29/08/2025

Celsius to Begin 3rd Distribution of $220.6 Million to Eligible Creditors 

29/08/2025

Court to Hear Fed Governor Lisa Cook’s Suit Against Trump on Friday

29/08/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.