Western Union Plans Solana Stablecoin Launch Next Month
Western Union plans to launch its Solana-based, U.S. dollar-backed stablecoin USDPT next month as part of a broader crypto plan. CEO and President Devin McGranahan said the token is in the final stages of preparation.
The company said USDPT will initially be used in select countries with key partners as an alternative to SWIFT for settlements with agents. Western Union also plans a Digital Asset Network to connect crypto wallets with its retail and agent network, along with a US dollar Stable Card later this year across dozens of markets.
From the sources (4 posts)
@theblockcoWestern Union to launch stablecoin next month, with 'Stable Card' planned for global consumers
@wublockchainWestern Union to Launch Solana-Based Stablecoin USDPT Next Month Traditional cross-border remittance giant Western Union’s CEO and President Devin McGranahan said its Solana-based, U.S. dollar-backed stablecoin USDPT is in the final stages
@cointelegraph🔥 BIG: Western Union says it will launch its Solana-based stablecoin USDPT next month, as part of a crypto plan that includes its digital asset network and US dollar stable card.
@theblockcoRT @ParkKunwoong: ICYMI: Western Union made big stablecoin announcements during Q1 call - Its Solana-based stablecoin USDPT will launch ne…