Should Western Union Worry About Stablecoins?

Should Western Union Worry About Stablecoins?
Remittances are small transfers, usually $1,000 or less, that people living in diaspora make to loved ones back home. These payments have become a vital form of survival not only for families left behind, but also for the developing countries themselves, which over the years have received shrinking amounts of development assistance and direct investment. Total remittances have reached $589 billion this year, according to the World Bank.J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian bank. He runs the popular Moneyness blog.At the moment, stablecoins…