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Analyst: Western Union's Solana-based stablecoin could reshape its payment methods
Golden Finance reports that on May 6th, Western Union launched USDPT on the Solana platform, a USD stablecoin issued by Anchorage Digital Bank for 24/7 real-time settlement with agents and partners.
Analyst Angus Scott stated that USDPT indicates stablecoins are disrupting traditional payment methods, putting pressure on conventional remittance and banking settlement models.
Solana’s fast, low-cost, 24/7 operation enables USDPT to handle small consumer payments and large settlement flows, combining remittances and wholesale settlements.