Crypto
Western Union launches Solana-based dollar-pegged stablecoin USDPT
Western Union has launched a U.S. dollar-pegged stablecoin, USDPT, on the Solana blockchain, The Block reported on May 4. USDPT will be used as a settlement asset in Western Union’s cross-border payment network spanning more than 200 countries. The company will first introduce the token in the Philippines and Bolivia. The stablecoin is fully backed by U.S. dollars and will be issued by Anchorage under U.S. federal regulation.
