Share this article
Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg
"Last I checked, you couldn't spend stablecoin if you wanted to buy a Coca Cola," Western Union CEO Devin McGranahan said
Updated Jul 22, 2025, 2:02 p.m. Published Jul 22, 2025, 8:51 a.m.
What to know:
- Stablecoins are an "opportunity, not a threat," for international money transfer company Western Union, according to CEO Devin McGranahan.
- McGranahan said in an interview with Bloomberg on Monday that anything that enables users to send money faster and cheaper across borders is going to be good for Western Union and its customers.
- Stablecoins have formed the backbone of new cryptocurrency regulation in the U.S., with the first significant crypto bill, known as the GENIUS act, becoming law last week.
Stablecoins are an "opportunity, not a threat," for international money transfer company Western Union, according to CEO Devin McGranahan.
McGranahan said in an interview with Bloomberg on Monday that anything allowing users to send money faster and cheaper across borders is going to be good for Western Union and its customers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Stablecoins are crypto tokens pegged to the value of a traditional financial asset, such as a fiat currency, with the U.S. dollar being the most prevalent.
Allowing users to send value denominated in U.S. dollars across borders using blockchain technology, making transfers faster, cheaper and more efficient than traditional methods, would appear to be a disruptor of Western Union's business case.
"Last I checked, you couldn't spend stablecoin if you wanted to buy a Coca Cola, so converting stablecoins into fiat currencies, particularly in harder to convert currencies, is an opportunity for us," McGranahan said.
For such users, a stablecoin may represent a store of value, he added.
Stablecoins have formed the backbone of new cryptocurrency regulation in the U.S., with the first significant crypto bill, known as the GENIUS act, becoming law last week.
The GENIUS act creates a definition for stablecoin payments, with the Federal Reserve and the Office of the Comptroller of the Currency overseeing their issuance by banks and non-banks respectively.
Більше для вас
Що варто знати:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Більше для вас
Turkey's Paribu Buys CoinMENA in $240M Deal, Expanding Into High-Growth Crypto Markets
With the acquisition, Paribu gains regulatory foothold in Bahrain and Dubai and access to the region's fast-growing crypto user base.
Що варто знати:
- Paribu acquires Bahrain- and Dubai-based CoinMENA for up to $240 million.
- Deal marks Turkey’s biggest fintech acquisition and first international crypto M&A, the firm said.
- The move taps into the MENA region’s fast-growing crypto user base and supportive regulatory hubs.
Top Stories
