Money transfer giant Western UnionUS President Donald Trump signed last week after the Genius law increased optimism with the increase in stablecoin integration to the digital wallet evaluates to carry. CEO Devin McGranahanTo Bloomberg In his interview He said that customers have explored on-Ramp/Off-Ramp partnerships for stablecoin to sell and sell stablecoin products on a global scale digital wallets. McGranahan emphasized three main opportunities as “We see Stablecoin as an opportunity, not a threat, not an opportunity,” he emphasized faster cross -border transfers, stablecoin -verb transformation and value protection in wavy economies.
Western Union turned to stablecoins with the goal of being innovative
Western Union continues its innovative goal with reference to its 175 -year history. stablecoin‘s are counting the continuation of this line. According to McGranahan, the aim is to accelerate users’ money transfer process and stretch the financial limits. For this, the priority is to establish collaborations that will facilitate the purchase and sale of Stablecoin, and to test the technical integration through the digital wallet.
The company also wants to provide a value storage alternative to consumers under the pressure of wavy markets. This approach allows Western Union to use both traditional financial infrastructure and new generation assets at the same time. The company aims to maintain its competitive advantage by breaking the perception of threats. Crypto investors’ application – the reason will surprise you!
Effects of the Genius Law
Guidating and Establishing National Innovation for Us Stablecoins Genius lawbrought a federal frame to the stablecoin exporters. The bill is exported coinIt requires that the US should be fully guaranteed with US dollars or high liquid assets. In addition, annual audit requirements are made for exporters with exceeding $ 50 billion and the rules regarding the export of foreign organizations are determined.
Trump, at the signing ceremony, “American finance and crypto currency technology, we have reinforced leadership,” he said. This discourse increased Washington’s approach to stablecoins, while re -reviewing industry players’ strategies. Western Union’s statements came in this new climate.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
