International remittance service company Western Union seeks to collaborate with cryptocurrency firms to offer stablecoin services

ChainCatcher news, according to Cointelegraph, the CEO of the American international remittance service company Western Union stated in an interview with Bloomberg that the company is actively exploring the use of stablecoins for cross-border payments, exchanges, and digital wallets, viewing it as an innovative opportunity.

The company has tested related settlement processes in Africa and South America and is seeking to collaborate with cryptocurrency firms to provide stablecoin deposit and withdrawal services.