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Western Union has decided that if you can’t beat them, join them, as reports indicate the 175-year-old money transfer company is adopting stablecoins.

Stablecoin-fiat conversions remain a hot topic, with the former’s edge bordering on speed and liquidity.

Western Union Responds to Stablecoin Surge with Digital Wallet Integration Plans

Western Union CEO Devin McGranahan appeared during a Monday interview with Bloomberg’s The Close. He said the firm is planning to integrate stablecoins into its global payment systems.

McGranahan also revealed the company’s plans to explore collaborations so that customers can ultimately buy and sell stablecoins through its platform.

“Stablecoin is just one more opportunity to innovate…We are also exploring other partnerships with people who want on ramps and off ramps in different parts of the world and how we could enable Western Union’s funds in and funds out to enable people to purchase and sell stablecoins,” McGranahan said in the interview.  

They are reportedly already implementing new settlement processes across South America and Africa. According to McGranahan, their goal is to facilitate faster money transfers and local currency conversions.

The Western Union executive also highlighted three key opportunities for the company, citing fast cross-border money movement, converting stablecoins to fiat currencies, and providing customers with a stable store of value.

“What we see is stablecoin really as an opportunity, not as a threat,” he added.

The shift in sentiment comes as stablecoins progressively pressure legacy remittance and cross-border payment companies.

Head of Digital Assets Research at VanEck, Matthew Sigel, revealed in a January post on X (Twitter) that downloads of remittance giant apps dropped significantly. He indicated Western Union with a 22% decline and MoneyGram seeing a 27% reduction.

Past quarter reports accentuate the outlook, showing declining revenues amid growing competition.

“The Company’s first-quarter revenue of $984 million decreased 6% on a reported basis,” read an excerpt in the Q1 2025 report.

It appears that Western Union has been working on measures to salvage its business.

Stablecoins Reshape Remittances as Western Union Joins the Race

The competitive edge for these dollar-denominated cryptos is speed, cost, and accessibility. BVNK co-founder and managing director Chris Harmse recently attested to this outlook in a LinkedIn post.

In his opinion, stablecoins have long-term cost advantages attained through rising liquidity, tighter spreads, and smarter routing.

With adoption growing, legacy players looking to survive must adapt, lest they lose ground. A small number of providers, including Western Union and MoneyGram, used to dominate global remittances in the past.

However, new entrants like Wise and Remitly disrupted the space, integrating digital-first alternatives.

The ground is shifting further now, with stablecoin-based services challenging new entrants and initial players like Western Union alike.

“Wise wins on cost because of deep corridor liquidity. Remitly wins on reach, they’re everywhere cards and wallets can’t go. Cash, rural, mobile wallets. They’ve built for the edge. Stablecoins bring something neither covers: logic inside the money,” one user commented.

Notably, MoneyGram beat Western Union to this strategy, adopting stablecoin remittances. Specifically, it launched MoneyGram Wallet in 2024, allowing users to send remittances in USDC stablecoin, with cash pickup available from agents across 180 countries.

Liz Bazurto, MetaMask’s ecosystem engagement manager, saw this wave coming, noting that traditional remittance giants might embrace stablecoin payments for their operations. 

“I can see a path for WU and MoneyGram to enable Stables. MoneyGram has enabled Stellar (USDC) for on and offramps,” she wrote in a post.

Data on DefiLlama shows the total stablecoin market cap is at an all-time high of $262.301 billion.

The post Western Union Joins the Stablecoin Race as Legacy Payments Face Disruption appeared first on BeInCrypto.

Sui Network (SUI) has hit a new milestone, with its total value locked (TVL) surging to new highs of over $2.1 billion.

This explosive growth is due to strong stablecoin inflows and heightened market momentum fueled by its recent partnership with tech giant Microsoft.

Sui TVL Reaches $2.1 Billion, What Is Driving The Surge?

Data on DefiLlama shows Sui TVL stood at $2.107 billion as of this writing. It is up by over 104% since its yearly lows of $1.031 billion recorded in March, with the growth signaling increasing user participation, market confidence, protocol growth, and liquidity.

In the same way, data on Artemis shows that on Tuesday, the Sui Network led all blockchains in stablecoin inflows over the past 24 hours. Specifically, the total stablecoin supply on the network exceeded the $1 billion mark.

“Sui Network tops the charts with $148 million net stablecoin inflows in the past 24hrs,” wrote Adeniyi Abiodun, Mysten Labs co-founder and CPO, in a Tuesday post.

Mysten Labs is the creator of the Sui blockchain, a Layer 1 platform focused on high throughput and low latency.

Meanwhile, the volume of weekly decentralized exchange (DEX) has also reached new highs. This suggests a sharp uptick in user activity and liquidity across the Sui ecosystem.

“Sui hits new all-time high in weekly DEX volume,” on-chain analyst ToreroRomero observed in a post.

A broader narrative of enterprise adoption underpins this bullish market structure. During Microsoft’s Build conference, Sui was named one of the first blockchains to integrate with Microsoft Fabric via data indexing platform Space and Time.

Sui Integrates with Microsoft Fabric

This integration enables Microsoft’s vast developer ecosystem to access Sui’s full-chain history in real-time. The move paves the way for a new wave of institutional-grade blockchain applications.

“Just announced at MSBuild: Space and Time indexed blockchain data will be integrated with Microsoft Fabric. As part of the integration, Microsoft developers will be able to access Space and Time indexed data from Bitcoin, Sui Network, and Ethereum through Fabric,” said Space and Time in a statement.

MySten Labs executive Adeniyi Abiodun emphasized the long-term vision, projecting Sui blockchain’s growth in the next five years.  

“Mark my words, by 2030, in-game ownership will be baked into every major game out there and Sui Network will be the backbone making it all happen,” Abiodun predicted.

Technical market signals also reflect the bullish fundamentals. According to Rose Premium Signals, SUI’s price action remains strong despite a current pullback.

“Sui is holding its Inverse Head & Shoulders breakout. After breaking the neckline around $3.65–$3.75, the price pushed up to $3.94 and is now pulling back, retesting the breakout zone….Targets remain: 1st Target: $4.76, 2nd Target: $5.67. Holding above $3.65–$3.70 confirms strength,” they wrote on X.

At the time of writing, SUI is trading around $3.87, down by 0.22% in the last 24 hours. According to the analysts, however, a drop below $3.60 could invalidate the pattern, but for now, sentiment remains decisively positive.

Investor interest in Sui continues to grow, with notable figures such as macro investor Raoul Pal stating that over 70% of his portfolio is currently allocated to Sui.

With surging TVL, institutional-grade partnerships, and accelerating developer adoption, Sui appears well-positioned for continued expansion.

The post SUI TVL Rises as Microsoft Integration Sparks Institutional Momentum appeared first on BeInCrypto.