CryptoWorld News reports that, according to CoinDesk, Western Union is rolling out a USD stablecoin (USDPT), which is expected to launch next month. The stablecoin will be based on the Solana blockchain, issued by Anchorage Digital, and is intended to replace the traditional interbank SWIFT settlement network, enabling real-time settlement and reducing capital lock-up. CEO Devin McGranahan said the stablecoin will initially be used for fund transfers between the company and its agents, rather than for consumers. In addition, Western Union also plans to launch a stablecoin card that will allow customers to hold stablecoins and spend via the card network, which is expected to be practical in inflation-sensitive markets. The company said its partner pipeline represents tens of millions of crypto wallets worldwide.

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