Western Union and MoneyGram turn to stablecoins as crypto disrupts transfers

Western Union and MoneyGram are adopting stablecoins to cut transfer times from three days to four minutes. Crypto is intensifying competition in the money-transfer industry.

• Transfers via Western Union and MoneyGram take up to three days
• Stablecoins cut the time to four minutes
• Crypto is increasing pressure on the money-transfer market