Western Union has begun testing innovative solutions based on stablecoins aimed at accelerating, optimizing, and reducing the cost of treasury operations. This was announced by the company’s CEO, Devin McGranahan, during a conference call dedicated to the financial results of the third quarter of 2025.
This is reported by Business • Media
Strategy for Integrating Digital Assets into Business
Plans to implement stablecoins at Western Union were first revealed in late July 2025. At that time, McGranahan emphasized that these digital assets have significant innovative potential. In an updated statement, the company leader reiterated this point, adding that the new GENIUS Act creates promising conditions for the development of digital currencies in the financial sector.
“Historically, Western Union has taken a cautious stance on cryptocurrencies due to concerns about volatility, regulatory uncertainty, and customer protection. However, with the passage of the GENIUS Act, we see potentially interesting opportunities for integrating digital assets into our business,” he stated.
GENIUS Act and Prospects for Customers
The Stablecoin Act (GENIUS Act), which U.S. President Donald Trump signed in mid-July 2025, regulates the circulation and issuance of stablecoins and sets requirements for companies issuing digital assets. This has been an important impetus for Western Union in implementing new financial solutions.
McGranahan reported that the company is actively testing stablecoin solutions in treasury operations to reduce reliance on traditional banks, shorten settlement times, and enhance capital efficiency. According to him, Western Union is observing interest from financial counterparties and exploring how its payment infrastructure can serve as a bridge between traditional (TradFi) and decentralized (DeFi) finance.
The company leader also emphasized the value of dollar-denominated assets in countries with unstable economies and high inflation, where the ability to hold stablecoins helps preserve purchasing power.
Testing stablecoins is seen as part of a broader strategy to modernize Western Union’s money transfer system, which also includes other innovative projects. However, specific timelines for implementing stablecoin storage features for customers are currently not disclosed.
It is worth noting that the international service Zelle has previously introduced the ability to make international payments in stablecoins.