Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Stablecoins will shake up the $900 billion remittance market—setting up a fight between crypto firms and legacy brands like Western Union [Fortune]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Fortune
The reason is the recent momentum behind stablecoins, which offer an easy way to move money across borders—and for a far cheaper price than legacy transfer systems, whose fees can reach as high as 6%. Recommended Video Stablecoins, which are backed by reserves designed to peg their value to a fiat currency like the dollar, were long used by experienced crypto traders. Today, millions of ordinary people are using them too via digital wallets. All of this raises an intriguing business question: What companies are best poised to capitalize on the new stablecoin trend? Will it be a legacy remittance player, like a Western Union or MoneyGram ? Or will it be a crypto-native company, like a Kraken or Coinbase , or instead PayPal or one of the growing number of fintechs entering the stablecoin space? While the emerging stablecoin industry is there for the taking, experts say that both legacy remittance players and newer entrants each possess their own set of advantages and challenges. Show less Read more
Impact Snapshot
Event Time:
WU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for WU alerts
Opt-in for
WU alerts

from News Quantified
Opt-in for
WU alerts

from News Quantified