According to a report by BusinessWire, Western Union, a major cross-border remittance company, announced the launch of its USD stablecoin USDPT on the Solana blockchain. USDPT is issued by Anchorage Digital Bank and is fully backed by the US dollar at a 1:1 ratio, built on Solana. It is understood that USDPT will be directly integrated into its global payment system to build a more efficient settlement layer, serving agents, partners, and future consumer applications. The aim is to provide on-chain settlement capabilities for cross-border payments, combining blockchain settlement efficiency with Western Union's global compliance and distribution network.
Western Union announces the launch of its USDPT stablecoin on the Solana blockchain.
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