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Western Union is targeting May for the rollout of its USD-backed stablecoin, USDPT.
Western Union will launch its USD-backed stablecoin USDPT in May, built on Solana blockchain.
KEY POINTS
- USDPT will be issued by Anchorage Digital Bank and accessible through exchange and banking partners.
- The Digital Asset Network's first partner will be announced this week, enabling global crypto-to-cash conversion.
- Western Union plans a stablecard later in 2024, letting users hold and spend stablecoins directly.
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