5 Western Union Facts Using Stablecoins: Money Transactions are Now Faster & Cheaper!

Jakarta, Pintu News – Global remittance company Western Union has officially announced that it is piloting a stablecoin-based remittance system. This initiative is one of the biggest steps in the traditional financial sector to adopt crypto and blockchain technology, especially in the cross-border remittance sector.

With more than 150 million active customers, this move could be a game changer in the world of global remittances. Western Union CEO Devin McGranahan said that the adoption of stablecoins could speed up the remittance process, cut costs, and improve capital efficiency – all while maintaining transparency and customer trust.

1. Western Union Trials Stablecoins to Send Money Globally

In its third-quarter earnings report released last Thursday, McGranahan said that Western Union is testing a stablecoin-based settlement system to replace legacy infrastructure such as the correspondent banking system.

According to him, the new system will utilize blockchain and on-chain settlement rails to speed up cross-border transactions and reduce reliance on traditional transfer channels. “We see a huge opportunity to send money faster, cheaper, and remain transparent,” McGranahan said, as quoted by Cointelegraph.

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2. More Efficient Delivery of 70 Million Transactions per Quarter

Western Union processes around 70 million transactions every quarter, and their network spans over 200 countries. If the stablecoin system is successful, then millions of users could enjoy real-time transactions without the slow processing of conventional bank systems.

Stablecoin technology has the potential to deliver high speed at low cost – two important factors that are widely discussed in the modern crypto and financial world. In addition to efficiency, users also gain more control and visibility over the funds they send.

3. Stablecoins are a solution for high-inflation countries

Western Union said that stablecoins could be a lifesaver for people in countries experiencing hyperinflation or currency depreciation. Owning digital assets denominated in US dollars (USD) could help people maintain their purchasing power.

“Having access to dollar-based assets has real value, especially when inflation erodes the value of local currencies,” McGranahan explained. This is in line with Western Union’s strategy to modernize its remittance services to be more inclusive and adaptive to technological change.

4. Western Union isn’t the only one looking at stablecoins

Western Union isn’t the only major player being monitored for adopting stablecoins. Rivals such as Zelle (via Early Warning Services) also announced it would integrate stablecoins for money transfers to and from the United States.

Meanwhile, MoneyGram recently launched a crypto app in Colombia that allows users to store and transfer USD Coin (USDC) stablecoin almost instantly. These developments show that stablecoins are starting to be snapped up by large corporations to improve global efficiency.

5. Stablecoin Market Predicted to Reach Rp33.2 Quadrillion by 2028

The adoption of stablecoins is no longer just an experiment. Based on a report from the US Treasury Department in April 2025, the stablecoin market has surpassed $300 billion (equivalent to Rp4,988 trillion) and is predicted to reach $2 trillion or around Rp33,258 trillion by 2028 (at an exchange rate of USD 1 = Rp16,629).

With this surge, stablecoins are starting to be considered a key part of the future financial system – attracting the attention of governments, institutional investors, and global fintech companies. Western Union is just one of many large companies that have come under scrutiny for moving quickly into the digitalization of money.

Conclusion

Western Union is clear evidence that the adoption of cryptocurrencies and stablecoins has entered mainstream finance. This trial could change the way the world sends and receives money, especially for people living in developing countries or at risk of high inflation.

With more companies following suit, it could be that the new era of cross-border remittances will be faster, cheaper, and more transparent – all thanks to blockchain and crypto technology.

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Reference:

• Brayden Lindrea / Cointelegraph. Western Union to pilot stablecoin-powered transfers. Accessed on October 27, 2025