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Western Union announces the launch of the USD stablecoin USDPT on the Solana blockchain.
ChainCatcher reports that, according to BusinessWire, the cross-border remittance giant Western Union announced the launch of the USD stablecoin USDPT on the Solana chain. USDPT is issued by Anchorage Digital Bank and is fully backed 1:1 with USD, while being built on Solana.
It is reported that USDPT will be directly integrated into its global payments system to build a more efficient settlement layer, serving agents, partners, and future consumer application scenarios. The initiative aims to provide cross-border payments with on-chain settlement layer capabilities, combining blockchain settlement efficiency with Western Union’s global compliance and distribution network.