Western Union
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X @aixbt
aixbt· 2025-10-29 15:55
Stablecoin & Remittance - Western Union's USDPT stablecoin is set to launch on Solana in early 2026 [1] - The company's annual remittance volume reaches $100 billion [1] - The remittance volume requires yield on idle balances [1] DeFi Integration - Marinade and Kamino are expected to become the default deposit destinations for 5-8% returns on payment float [1] - TradFi companies are integrating existing DeFi protocols instead of building their own [1] - The focus is on capturing USDPT deposits rather than Solana itself [1]
X @TylerD 🧙♂️
TylerD 🧙♂️· 2025-10-29 12:35
Market Trends & Cryptocurrency Performance - Crypto majors experienced declines of 1-3% ahead of the FOMC meeting, with Bitcoin at $113,100, Ethereum at $4,000, and BNB at $1,115 [1] - Bitcoin ETFs saw net inflows of $1493 million, while ETH ETFs saw $246 million in inflows [1] - Memecoin leaders were mostly down, including DOGE (-3%), Shiba (-1%), PEPE (-2%), PENGU (-3%), BONK (-2%), SPX (-5%), and FARTCOIN (-10%), while TRUMP (+18%) showed gains [1] New Products & Partnerships - Western Union announced a stablecoin on Solana [1] - Visa will start taking payments in four different stablecoins across four blockchains, with the ability to convert them back into fiat [1] - Trump Media introduced a new prediction market called Truth Predict [1] - Circle's Arc blockchain went live in testnet [1] - Polymarket teased its US launch coming within weeks with a focus on sports [2] Funding & Investment - Bitwise's BSOL ETF debut had the highest launch-day volume of ALL ETF launches in 2025 with $56 million [1] - BlackRock's tokenization platform Securitize shared plans to go public via a $125 billion SPAC [1] - Sharplink shared plans to deploy $200 million of its ETH holdings into Linea DeFi [1] - MegaETH's public ICO has already seen over $700 million raised with just over 1 day left (15x oversubscribed) [1] NFT Market - NFT leaders were flat, with Punks at 39 ETH, Pudgy +1% at 695 ETH, BAYC -1% at 65 ETH, and Hypurr's -1% at 1,190 HYPE [2]
X @Decrypt
Decrypt· 2025-10-29 12:27
Morning Minute: Western Union Chooses Solana for Stablecoin► https://t.co/ESuY1aUl86 https://t.co/ESuY1aUl86 ...
X @Solana
Solana· 2025-10-29 06:22
RT Mango (@MangoOnSOL)Why is Western Union launching a stablecoin on Solana?> Here's what Devin McGranahan, CEO of Western Union, said 👇"For 175 years, we've been connecting people, moving $150 billion a year. Digital assets is the next evolution.We looked at alternatives, and came to the conclusion that Solana was the right choice." ...