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Western Union will launch a stablecoin next month and plans to introduce the "Stable Card" for global consumers.
Golden Finance reports that on April 27, the global financial services company Western Union has detailed its plans for the launch of its stablecoin and related services.
At the Q1 earnings call on April 24, the company’s CEO and President Devin McGranahan stated that its Solana-based stablecoin USDPT is in the final stages of preparation and is expected to go live next month.
Western Union will also build a network to connect digital wallets with its existing offline retail payment infrastructure and launch the “Stable Card” for users worldwide.