Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg

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Stablecoins are an "opportunity, not a threat," for international money transfer company Western Union, according to CEO Devin McGranahan. McGranahan said in an interview with Bloomberg on Monday that anything allowing users to send money faster and cheaper across borders is going to be good for Western Union and its customers. Stablecoins are crypto tokens pegged to the value of a traditional financial asset , such as a fiat currency, with the U.S. dollar being the most prevalent. Allowing user...