Financial services company Western Union plans to launch its own service Stablecoin pegged to USDaccording to a report in the Wall Street Journal.
The new digital asset, called the US Dollar Payment Token (USDPT), will be issued on the Solana network in partnership with Anchorage Digital Bank, an entity with federal banking status in the United States.
Launch is scheduled for the first half of 2026. With this initiative, Western Union seeks to provide more than 100 million customers with an alternative way to send money internationally that reduces the risks associated with local currency fluctuations.
According to the company, when you use this stablecoin on Solana, Reduce costs and settle transactions faster. Western Union President and CEO Devin McGranahan said the move into digital assets and stablecoins represents the “next chapter” in the company’s history of connecting people through technology.
Just yesterday, CriptoNoticias reported that Western Union is testing incorporating stablecoins into its treasury.
Solana’s selection The infrastructure for this project is High performance and low transaction costs.
(Tag translation) Altcoin
