Western Union’s Solana-based stablecoin could reshape its payment model, analyst says
CoinDesk
Western Union’s new Solana-based stablecoin, USDPT, may disrupt traditional payment models by enabling efficient, 24/7 global settlement.Summary
Western Union has launched USDPT, a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank on the Solana blockchain. Designed to facilitate 24/7 settlement between the company and its global network of agents, the token replaces traditional SWIFT-based interbank processes. According to Angus Scott of the Solana Research Institute, this adoption highlights how stablecoins can bridge the gap between remittances, consumer payments, and wholesale settlements. By leveraging Solana’s speed and low fees, Western Union aims to optimize real-time cash management and eliminate the inefficiencies associated with correspondent banking.
(Source：CoinDesk)