Catenaa, Thursday, July 24, 2025- Western Union is exploring the integration of stablecoins into its digital wallet as part of a broader effort to innovate remittance services, Bloomberg reported citing its CEO.
The move comes amid growing acceptance of stablecoins following the recent passage of the GENIUS Act, a federal regulatory framework for stablecoins.
Western Union is actively seeking partnerships to offer on-ramp and off-ramp services, enabling customers to buy and sell stablecoins through its platform.
The company is also considering stablecoin products for its global digital wallet users.
This follows US President Donald Trump’s signing of the GENIUS Act last week, which establishes clear regulatory standards for stablecoins.
The legislation requires stablecoins to be fully backed by US dollars or other liquid assets and mandates annual audits for issuers with market capitalizations over $50 billion.
Trump described the bill as a major step to solidify American leadership in global finance and crypto technology.
Western Union’s interest reflects wider industry enthusiasm as stablecoins gain mainstream traction under clearer regulations.
