Western Union and modern banking
Plus: stock market euphoria, earnings strength, Kharg Island and more
“You can’t try to live safely, there’s no such thing as safety. Stick your neck out of your shell, then, and live fully.” – Ursula K. Le Guin ||
Hello everyone! I hope you’re all doing well.
If you missed the livestream of Scott Melker’s Macro Monday show yesterday, where I joined Mike McGlone and Peter Tchir in a characteristically spicy debate about macro and crypto, you can see the replay here.
Production note: it’s a public holiday in much of Europe on Friday, so this newsletter will be skipping publication.
Because of the holiday, no “Press Publish” this week, but back next Friday! Meanwhile, check out my conversations with Irina Slav, Brady Dale and Christine Kim here.
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IN THIS NEWSLETTER
Western Union and modern banking
Term of the day: Kharg Island
Markets: disbelief
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WHAT I’M WATCHING:
Western Union and modern banking
In last week’s quarterly earnings call, Western Union President and CEO Devin McGranahan confirmed that the company’s previously announced stablecoin USDPT will launch on Solana next month. This was expected, and I’ve written about Western Union’s stablecoin plans before – but McGranahan threw in a couple of surprises which sketch out an assault on what is understood by “banking”.
