Why Is Western Union (WU) Stock Rocketing Higher Today
Update: 2025-10-29
Description
Western Union's stock surged by over five percent after announcing a blockchain pilot for a stablecoin-based settlement system, aiming to speed up, reduce costs, and improve efficiency for its 150 million customers. This digital push, part of a larger strategy, received a boost from the GENIUS Act regulation. While the market reacted positively, the stock remains down over ten percent since the start of the year. Western Union is betting on tech upgrades and new regulations to revitalize its business and regain lost ground in the financial tech world.
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