Western Union CEO: Western Union's Stablecoin Future

Bullish:

• $WU - Western Union implementing stablecoins to free up billions in capital and create new revenue streams through digital asset infrastructure.

  • “if I can free up a couple billion dollars of capital, I can buy back half the company. Because we have cash sitting on the balance sheet to make all this thing work that all of a sudden I can get access to.”

    Devin·4:03

  • “will go from being a negative float business, I. E. I have a cost of capital associated with the billions of dollars that I have to keep in the system to make this value proposition of instant movement of money around the world working, to a positive flow business where by having real time 24 by seven settlement, anything that actually lives in the system is now backed by treasuries earning interest for me.”

    Devin·13:09
• $SOL - Western Union chose Solana for their stablecoin implementation due to its efficiency and transaction economics at scale.

  • “We chose Solana to start with for primarily two reasons. It's highly efficient at transactions and transaction economics. And so for us, having low or no transaction cost for minting and for being able to conduct large amounts of transactions at high volume, being able to burn and destroy coin seamlessly as we do this treasury operation, it's well suited to that.”

    Devin·19:54
• $STABLES - Western Union CEO sees massive institutional adoption potential for stablecoins to replace inefficient correspondent banking systems.

  • “I'm talking about being able to take my company, which is basically the equivalent of the entire stablecoin market and move it into stablecoins”

    Devin·4:37

  • “we take the company from basically solving this problem for ourselves. But if we have now an institutional grade ability to move money between trading partners, fifty, sixty, 70 countries in the world, in a highly regulated environment. We believe that is something, again, the correspondent banking system in Swift is inefficient. I'll just leave it at that. We think that's something that other people find valuable, small banks, other enterprises.”

    Devin·21:30