PANews, October 31 - According to Cointelegraph, Western Union's “WUUSD” trademark application submitted to the U.S. Patent and Trademark Office on Wednesday can be used in various fields such as Crypto Assets Wallets, Crypto Assets trading, and stablecoin payment processing. The trademark covers a range of stablecoin-related services, and the application has been accepted but not assigned to an examiner. It remains unclear what the distinction is between WUUSD and its planned stablecoin USDPT, as Western Union also submitted an identical trademark application for USDPT in early October.
The application document shows that WUUSD can be used for stablecoin exchange, trading, and payment processing, and also hints at providing a broader range of Crypto Assets services, such as software for managing and verifying transactions, “consuming and trading Crypto Assets”, as well as Crypto Assets exchanges, trading, payment processing, and financial brokerage services. In addition, the document mentions Crypto Assets lending services, namely “engaging in securities and derivatives trading”, which may significantly differ from Western Union's traditional business.
According to previous news, Western Union plans to launch a stablecoin USDPT built on the Solana blockchain in 2026; Western Union has applied for the registration of the WUUSD trademark.
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