Western Union has begun actively testing stablecoin technologies in its treasury operations with the aim of speeding up transactions, increasing transparency, and reducing costs. This was shared by the company’s CEO, Devin McGranahan, during a conference call dedicated to the financial results of Q3 2025.
This is reported by Finway
Integration of Stablecoins and New Regulations
According to McGranahan, Western Union aims to reduce its dependence on traditional banking structures, shorten settlement times, and enhance capital management efficiency. The company is particularly focused on the potential of digital assets following the enactment of the GENIUS Act, which was signed into law by U.S. President Donald Trump in July 2025. This law regulates the circulation of stablecoins, establishes requirements for their issuers, and defines the fundamental rules for issuing such digital currencies.
“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.
Opportunities for Customers and the Future of Technology
McGranahan noted that interest in collaboration from counterparties in the digital asset space is growing, and Western Union is exploring ways for its payment system to serve as a bridge between traditional finance (TradFi) and decentralized finance (DeFi). He emphasized that the key goal is to expand choices for customers regarding the management and movement of their funds, as in many countries around the world, the ability to hold assets denominated in U.S. dollars is particularly valuable due to inflation and the devaluation of national currencies.
The testing of stablecoins is part of a larger strategy by the company to modernize its money transfer system. However, at this time, Western Union has not provided specific timelines for implementing the ability to hold crypto assets in stablecoins for its customers, although such plans are being considered.
It was previously reported that the payment service Zelle has added international transfers in stablecoins, indicating a growing trend of integrating digital assets into global financial services.