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Western Union will launch a new stablecoin, USDPT, on Solana next month.
Western Union will launch its USDPT stablecoin on Solana in the coming month.
KEY POINTS
- USDPT stablecoin will be issued by Anchorage Digital Bank, not Western Union directly.
- The stablecoin targets intra-network settlement for Western Union agents, not retail customers.
- Western Union's Digital Asset Network platform will soon enable wallet users to cash out via retail locations.
- A USD Stable Card product, enabling stablecoin transactions globally, will launch later this year.
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