Western Union to roll out Solana-based stablecoin next month

Western Union plans to launch its U.S. Dollar Payment Token (USDPT), a stablecoin built on the Solana blockchain, next month. This initiative aims to provide a faster and lower-cost alternative to SWIFT for international money transfers, targeting 100 million users across select markets and agent partners. The company also intends to introduce a Digital Asset Network (DAN) to connect cryptocurrencies and fiat currencies, and a USD Stable Card for inflation-sensitive markets. Western Union has partnered with Crossmint to integrate its wallet and payment APIs with the DAN, allowing fintech platforms to access USDPT, settle transactions on Solana, and convert digital assets to local currencies via Western Union's extensive global payout network.

(Source：Crypto Briefing)