"It is no longer a question of if Western Union will be active in digital assets, it is now how fast we can scale," the firm's CEO and President Devin McGranahan said during the presentation, calling USDPT, “the foundation of our strategy.”
Beyond agent settlements, Western Union is building a broader digital asset ecosystem. The company's Digital Asset Network (DAN) will onboard its first partner this week, creating a bridge between cryptocurrency wallets and Western Union's physical locations.
"Through DAN, millions of wallet users will be able to move from digital assets into local currency using Western Union's retail network with an experience that is simple for customers and familiar for our agents," McGranahan said, adding that the firm has seen “strong inbound interest” since announcing its initial partners.
The company also revealed plans for its USD Stable Card, scheduled to launch later this year across “dozens of markets,” McGranahan said. The Stable Card, which will enable consumers to hold value in stablecoins and spend them around the world, is “particularly compelling in inflation-sensitive markets where customers want dollar-denominated value with immediate practical utility,” he added.
Ultimately, McGranahan said, the Stable Card will be, “consumer facing expression, connecting USDPT, digital asset, retail customers, global spending, into a single, integrated, easy consumer experience.”
