175-year old fintech giant reveals plans to launch stablecoin on Solana

Western Union (NYSE: WYU), one of the world’s oldest payments companies, has announced plans to launch its own U.S. dollar–backed stablecoin, marking a bold new chapter in its 175-year history. The stablecoin, dubbed the U.S. Dollar Payment Token (USDPT), will be built on the Solana blockchain and issued by Anchorage Digital Bank, the first federally chartered crypto bank in the United States. The company described USDPT as part of a broader “Digital Asset Network,” designed to bridge fiat and digital cu ...