11h ago
(1) “This is not about speculation,” @WesternUnion's CEO Devin McGranahan said on an investor call about its move into stablecoins. “It is about giving our customers more choice and control in how they manage and move their money.”
It's not alone. Zelle® has also announced plans to integrate stablecoins into its operations.
Stablecoin proponents long argued the fiat-pegged crypto assets could sound the death knell for payments giants that charge eye-watering fees to transfer money on users’ behalf.
Instead, those companies are embracing the technology.
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