Western Union Integrates USDT and USDC Stablecoins for Global Remittance Revolution

today / 06:10

Global remittance leader Western Union has announced strategic integration of USD-pegged stablecoins USDT (Tether) and USDC (USD Coin) into its payment infrastructure. CEO Devin McGranahan revealed the company is running pilots across South America and Africa, targeting reduction of average remittance fees from 6.6% to under 3% while enabling near-instant 24/7 settlements.

The initiative, described by McGranahan as "an opportunity rather than a threat," includes developing digital wallet products and partnerships for crypto on/off-ramps. This move responds to competitive pressures in the $800+ billion remittance market, accelerated by recent regulatory clarity including the U.S. GENIUS Act. Industry experts like OwlTing's Darren Wang confirm double-digit monthly growth in corporate stablecoin inquiries since May 2025, noting they outperform traditional banking in African corridors through transparency and speed.

While Senator Elizabeth Warren voiced concerns about private stablecoin risks, Western Union's infrastructure overhaul focuses on emerging markets where blockchain adoption could reshape financial inclusion. Wang predicts widespread institutional adoption by 2026 as compliance frameworks mature.