Financial services giant Western Union, a leading player in the global remittance market, is exploring the potential integration of stablecoins into its network.
The company is investigating how stablecoin technology can improve the efficiency of cross-border payments, aiming to enhance liquidity and transaction transparency for users.
Confirming the initiative, the CEO highlighted that pilot programs testing stablecoin utilization are currently underway in specific Africa and South America corridors.
This exploration signifies the remittance leader’s focus on leveraging emerging digital assets to optimize its core service of international money transfer.