Western Union CEO and President Devin McGranahan stated during the first quarter earnings call that its Solana-based USD-pegged stablecoin USDPT has entered the final preparation stage and is expected to launch next month. McGranahan said that USDPT will not be launched as a consumer-facing stablecoin, but rather as a replacement for the company's current use of the SWIFT network for settlement with agents, initially used for on-chain settlements with major partners in select countries. Western Union will also launch the Digital Asset Network, connecting crypto wallets to its existing retail and agent network, with the first network partner expected to go live this week; the company plans to launch the USD Stable Card in dozens of markets later this year, allowing consumers to store value in stablecoins and make payments worldwide. (The Block)