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Benzinga
Benzinga
Business
Murtuza J Merchant

What Western Union's Sudden Interest In Stablecoins Means For Your Money Transfers

Stuttgart,,Germany,-,05-27-2024:,Smartphone,With,Logo,Of,Us,Financial

Western Union is evaluating how to enable customers to buy, sell, and store stablecoins using its global infrastructure, according to comments made by CEO Devin McGranahan in a Bloomberg interview on Monday.

The move would mark a significant step in the convergence between traditional money transfer firms and blockchain-based digital assets.

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