According to Businesswire, Western Union launched USDPT, a dollar-backed stablecoin on Solana, on May 4. The stablecoin is issued by Anchorage Digital Bank and backed by 1:1 U.S. dollar reserves. USDPT will be integrated into Western Union’s global payment system to serve as a settlement layer for cross-border payments, initially targeting the company’s agents and partners, with plans to expand to consumer applications.
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