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 of preparation and expected to launch 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 of preparation and expected to launch next month. USDPT will serve as an alternative to SWIFT for settlements with agents, initially in select countries with key partners.
Western Union will also launch the Digital Asset Network to connect crypto wallets with its retail and agent network, and plans to roll out a USD Stable Card later this year across dozens of markets. — link