Western Union Reveals Plans For USDPT Stablecoin On Solana, Set To Debut In 2026
Global financial services company Western Union is making a strategic move into the world of stablecoins, responding to the evolving landscape created by the recent passage of the GENIUS Act in the US. On Tuesday, the company announced its intention to launch the US Dollar Payment Token (USDPT), a new stablecoin, alongside its Digital Asset Network designed to integrate digital and fiat currencies. Western Union New USDPT Stablecoin Built on the Solana (SOL) blockchain and issued by Anchorage Digital Bank, USDPT aims to broaden the options for transferring money for customers, agents, and....
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Western Union said it will launch a dollar-backed stablecoin and build a new crypto payment network on Solana, a move that could reshape how the company moves money across borders. Related Reading: IBM Unveils Digital Asset Haven For Banks And Governments – Details According to company filings and press releases, the token will be called […]
What to Know: 1️⃣ A global remittance giant is piloting stablecoin-based settlement rails to speed up cross-border payments, cut costs, and boost transparency for its 150M+ users. 2️⃣ Regulatory clarity drives innovation with the US’ GENIUS Act providing a compliance framework for Western Union and other institutions to safely adopt blockchain infrastructure. 3️⃣ By allowing […]
Western Union has chosen Solana as the exclusive blockchain for its forthcoming US dollar–pegged stablecoin and a broader “Digital Asset Network,” a decision that immediately ricocheted through crypto social media and reignited long-running tribal feuds between XRP and Solana partisans. In an X post on Tuesday, Solana’s official account declared, “It’s official: @WesternUnion, the world’s […]
In the world of cash-transfers, few other companies come to mind as instantaneously as Western Union. If you’ve walked in a convenience store anywhere between the west and east coast of the United States, you’ve probably seen a banner for Western Union. The remittance provider is currently facing a preliminary antitrust inquiry as the EU examines allegations of Western Union intentionally driving rivals out of business. Allegedly, Western Union is giving their retail outlet partners contracts with exclusivity contracts in them which don’t allow other cash-transfer services to operate....
Western Union Chief Information Officer John "David" Thompson was interviewed by Coindesk this week and made some very revealing comments about Bitcoin, and its future in global monetary transfer. Many know Western Union as the world's largest personal monetary transfer corporation, founded way back in 1851. Operating in 220 countries worldwide, it generated almost $800M last year in net income, which is down over 20% from 2012. I wonder why it is down over $200M all of the sudden? Also read: Digital Currency Advocate: What Western Union CEO Is Missing. Western Union CIO: Bitcoin doesn't....