💵 Western Union and MoneyGram struggling: stablecoins increase competition

According to an analysis by Matthew Sigel of VanEck, Western Union and MoneyGram are experiencing a decline in the use of their apps, with reductions of 22% and 27%, respectively. An even more significant figure is the number of monthly active users, which has remained consistently below 3 million since 2021.

In contrast, the stablecoin market has surpassed $200 billion in capitalization, positioning itself as a serious competitor.

Atlas21 article⬇️

https://atlas21.com/use-of-stablecoins-grows-as-money-transfer-services-lose-ground/