Western Union Bets On Stablecoins With USDPT May Launch
Western Union is about to add its first partner to a digital asset network designed to let crypto move through its global payment system and convert into local cash at more than 360,000 collection points around the world. Related Reading: Countdown To Clarity: Key US Crypto Bill Nears May Approval: CEO Western Union Plants Its […]
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Global financial services company Western Union is making a strategic move into the world of stablecoins, responding to the evolving landscape created by the recent passage of the GENIUS Act in the US. On Tuesday, the company announced its intention to launch the US Dollar Payment Token (USDPT), a new stablecoin, alongside its Digital Asset Network designed to integrate digital and fiat currencies. Western Union New USDPT Stablecoin Built on the Solana (SOL) blockchain and issued by Anchorage Digital Bank, USDPT aims to broaden the options for transferring money for customers, agents, and....
A combined 130 million people in Bolivia and the Philippines now have access to Western Union’s new digital dollar, USDPT — a US dollar-backed stablecoin running on the Solana blockchain. Related Reading: Institutional Crypto Momentum Grows As Standard Chartered Invests In GSR A Big Name Makes Its Blockchain Debut Western Union, which moves money for […]
Falcon-512 produces the smallest digital signature of any algorithm currently approved by the US National Institute of Standards and Technology — and that fact quietly drove one of the bigger decisions in Solana’s recent development history. Related Reading: Western Union Bets On Stablecoins With USDPT May Launch Two Teams, One Conclusion Anza and Firedancer, two […]
Paraguay now controls 4.3% of the global Bitcoin network — a figure that caught the attention of Colombia’s president and may be shaping the country’s next big energy bet. Related Reading: Western Union Enters Stablecoin Race With USDPT Launch On Solana An Indigenous Community At The Center Colombian President Gustavo Petro went public this week […]
In the world of cash-transfers, few other companies come to mind as instantaneously as Western Union. If you’ve walked in a convenience store anywhere between the west and east coast of the United States, you’ve probably seen a banner for Western Union. The remittance provider is currently facing a preliminary antitrust inquiry as the EU examines allegations of Western Union intentionally driving rivals out of business. Allegedly, Western Union is giving their retail outlet partners contracts with exclusivity contracts in them which don’t allow other cash-transfer services to operate....