Western Union to Launch Stablecoin on Solana With Anchorage Digital

Western Union (WU) is planning to launch a stablecoin for its 100 million-user payment network, becoming the latest traditional finance firm tapping blockchain rails to power global transfers. The company, known for cross-border payments and cash network among retail customers, plans to roll out the U.S. Dollar Payment Token (USDPT) in the first half of next year, according to a Tuesday press release. The token will be issued by Anchorage Digital, a federally regulated digital asset bank, using the Solan ...