ChainThink reports: Money transfer giant Western Union Co. is considering launching its own USD stablecoin, as more and more cryptocurrency projects compete with its core business of cross-border fund transfers. CEO Devin McGranahan said in an interview on Monday: "We are exploring the opportunity to issue stablecoins, especially in markets outside the United States." He added that such a stablecoin could be "almost like a USD savings account" for customers in countries where regulatory authorities allow such activities.