Western Union is exploring stablecoin integration for cross-border transfers, conversions and digital wallets, positioning it as an innovation opportunity. Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments. During a Monday interview with Bloomberg, Western Union CEO Devin McGranahan said that the company views stablecoins as an opportunity. He also said it is exploring partnerships with major crypto industry players to offer stablecoin on-ramp and off-ramp services, as well as a digital wallet. “We see stablecoin really as an opportunity, not as a threat. […] We’re 175 years old, and we’ve been innovative across [those] 175 years. And stablecoin is just yet one more opportunity to innovate,” McGranahan said. Read more
Retailer Mega Image has appointed Luiza Taut to the position of Operations Vice-President.
Pump.fun whales have sent over $160 million in tokens to exchanges as PUMP drops below its ICO price, triggering fears of a broader memecoin market correction. Private sale investors of the Pump.fun (PUMP) memecoin began offloading billions of tokens to exchanges, raising concerns of a sell-off as the token dropped below its initial sale value. Blockchain analytics firm Lookonchain flagged that two early backers of the memecoin token, labeled in Solscan as “PUMP Top Fund 1” and “PUMP Top Fund 2,” collectively sent over $160 million in PUMP tokens to centralized exchanges. During the private sale, the Top Fund 1 wallet acquired 25 billion tokens for $100 million in USDC (USDC). In the last week, the wallet deposited 17 billion tokens worth almost $90 million to exchanges. While the whale started offloading, it still holds tokens worth $29.5 million. Read more