Western Union and MoneyGram Bet on Stablecoin Transfers
- —Average fee for a $200 transfer is 6.49%, with settlement taking 3-5 days
- —1.3 billion adults without bank accounts remain outside remittances
- —Western Union launched USDPT through Anchorage Digital Bank and Stablecard
- —MoneyGram released a Visa stablecoin card in Colombia with Stellar
Why it matters: Major remittance players are moving their infrastructure to stablecoins, accelerating mass adoption in emerging markets.
Source: The Cryptonomist