Hua Er Jie Jian Wen·2025-10-29 12:44Core Insights - Traditional payment giants in the U.S. are embracing stablecoin settlement systems, with Western Union announcing the launch of USDPT based on the Solana blockchain in the first half of 2026, while Visa expands support for stablecoins across four blockchains [1][2][3] Group 1: Western Union's Stablecoin Initiative - Western Union's upcoming stablecoin settlement system will consist of the USDPT and a digital asset network, built on the Solana blockchain [2] - CEO Devin McGranahan noted that the passage of the GENIUS Act has shifted the company's cautious stance on cryptocurrencies due to previous concerns over market volatility and regulatory uncertainty [2] - The USDPT is expected to be accessible through partner exchanges, similar to the listing of PayPal's USD stablecoin on Binance [2] Group 2: Visa's Expansion in Stablecoin Services - Visa is significantly expanding its stablecoin support, planning to add four new stablecoins across four different blockchains, although specific details were not disclosed [3] - The company has facilitated $140 billion in cryptocurrency and stablecoin flows since 2020, with monthly transaction volumes now exceeding an annualized scale of $25 billion [3] - Visa aims to enhance its services for banks and traditional financial institutions, promoting cross-border transactions using stablecoins [3] Group 3: Broader Industry Trends - Other U.S. payment platforms are also advancing stablecoin strategies, with Zelle's parent company announcing a stablecoin launch to accelerate cross-border payments [4] - MoneyGram is integrating its crypto application in Colombia to provide local users with USDC wallets [4] - Traditional payment platforms increasingly view blockchain technology as a solution for cross-border remittances, offering faster, cheaper, and more transparent transactions [4] Group 4: Additional Developments - Walmart's fintech company OnePay plans to add Bitcoin and Ethereum trading features through a partnership with Zerohash, enhancing its platform's capabilities [5] - OnePay has become a leading free finance app in the Apple App Store, competing with major fintech players like PayPal and Venmo [5]