Wu learned that Dragonfly investor Omar stated that Western Union plans to advance its stablecoin business, including launching next week a withdrawal network that supports converting stablecoins to fiat currency through its branches, issuing the stablecoin USDPT on Solana this quarter for payments to agent outlets to reduce approximately $500 million in pre-paid funds, and also launching a stablecoin payment card for cross-border remittance and consumer scenarios.

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