western union It is looking at growth in stablecoins and merger and acquisition (M&A) activity after a quarter in which revenues were flat due to lower Americas business.
During the first quarter, the company’s GAAP revenue was flat year over year while its adjusted revenue fell 1%, according to Friday (April 24). Earnings release.
Western Union attributed these results to overall pressures in its retail business in the Americas.
“As you know, remittances in the Americas faced significant pressures beginning early last year and continuing through this winter, particularly across our key corridors from the U.S. to Latin America,” Western Union President and CEO Devin McGranahan He said during the day on Friday Earnings call. “We have seen significant declines in markets like Mexico, Ecuador and Guatemala, driven by a combination of migration dynamics and US immigration policy.”
Looking ahead, the company expects to see gains from recent and pending acquisitions and the launch of stablecoins and related products, according to the statement.
Western Union waiting acquisition to Intermixwhich it announced in August, is expected to close during the second quarter, subject to customary closing conditions, according to the statement.
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Two other acquisitions the company announced in Q4 2024 recently closed, LANA in March and Dash This month, according to A Presentation Released Friday. It also acquired Western Union euro In April 2025.
Outlining its M&A strategy, Western Union said in the presentation that Intermex will strengthen its footprint in high-value lanes, Eurochange will expand its presence in the European travel money market, Dash will add digital wallet capabilities and access to a technology hub in Asia Pacific, and LANA will launch a digital wallet in Mexico.
“We are selectively investing in assets that enhance our lane leadership, digital capabilities and product offerings while enhancing the long-term resilience and growth of our global network,” McGranahan said during the call. “Importantly, these transactions are not stand-alone initiatives. They enhance an omnichannel platform where physical and digital channels reinforce each other and where the acquisition serves as a catalyst to accelerate the company’s strategy.”
western union Stable coin The strategy includes a stablecoin called USDPT, a Digital Asset Network (DAN) that gives cryptocurrency wallets access to the company’s global network of incoming and outgoing funds through a single application programming interface (API), and a stablecard, according to the presentation. The first DAN partner will launch this month, and USDPT will launch in the second quarter. The Stable Card will allow consumers to hold value in the form of a stablecoin and spend anywhere there is acceptance of the card, McGranahan said during the call.
USDPT will provide customers with a bridge between fiat currencies and cryptocurrencies, digital payment access for those without bank accounts, global accessibility, USD price stability and 24/7 availability. It will also provide Western Union with reduced settlement costs, flotation opportunities and new business lines, according to the presentation.
“USDPT, DAN and Stable Card combined act as a connected ecosystem,” McGranahan said during the call. “With launches imminent, partners coming online and early transactions starting to flow across the network, we are now in execution mode.”
