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Western Union to Launch Stablecoin and Cash Off-Ramps for Digital Assets
PYMNTS.com· 2025-10-28 20:41
Core Insights - Western Union plans to launch a new stablecoin, the U.S. Dollar Payment Token (USDPT), built on Solana and issued by Anchorage Digital Bank, aiming to reshape global money movement [2][3] - The company is also introducing a Digital Asset Network designed to bridge digital and fiat currencies, enhancing real-world utility for digital assets [4] Group 1: Stablecoin Launch - The USDPT is expected to be launched in the first half of 2026, allowing users to access it through partner exchanges [3] - The stablecoin aims to empower customers and communities by enabling Western Union to control the economics linked to stablecoins [4] Group 2: Digital Asset Network - The Digital Asset Network will facilitate seamless access to cash off-ramps for digital assets by partnering with wallets and wallet providers [4] - This initiative is seen as a solution for the last mile of the crypto journey, leveraging Western Union's global network [4] Group 3: Market Strategy - The company is exploring non-U.S. markets, viewing the stablecoin as a potential savings account in U.S. dollars for customers in countries with favorable regulations [5] - In a previous earnings report, Western Union highlighted opportunities in using stablecoins for remittances, aiming to reduce friction in cross-border transfers and enhance crypto capabilities in its digital wallet [6]
Western Union Announces USDPT Stablecoin on Solana and Digital Asset Network
Businesswire· 2025-10-28 17:15
Core Insights - Western Union plans to launch a new stablecoin, U.S. Dollar Payment Token (USDPT), and a Digital Asset Network to enhance money movement globally [1][3] - The initiative aims to bridge digital and fiat currencies, providing real-world utility for digital assets [1][2] - USDPT is expected to be available in the first half of 2026, with access through partner exchanges [3] Digital Asset Network - The Digital Asset Network will integrate Western Union's global digital footprint with Solana's blockchain technology and Anchorage Digital's stablecoin issuance platform [2][4] - This network aims to provide users with seamless access to digital assets, enabling sending, receiving, spending, and holding of USDPT [2][3] Strategic Vision - Western Union's collaboration with Solana and Anchorage Digital is focused on modernizing financial infrastructure and promoting global digital asset adoption [4] - The company emphasizes safety and reliability in customer experience through institutional-grade security measures and compliance protocols [4] Market Impact - The introduction of USDPT and the Digital Asset Network is anticipated to reshape global money movement, linking currencies like the U.S. dollar to local spending needs [5] - The initiative aims to facilitate compliant and secure digital transactions across borders, enhancing trust and reducing costs [5]
The Internet of Value | Bradley Kimes | TEDxCincinnati
TEDx Talks· 2025-10-28 16:23
[Music] Have you ever tried to send money across borders. Let me give you something real. Years ago, I ran a small business importing products from China.And every single time I had to make a payment overseas, it was the same painful process. I'd wire money through the banking system and then I'd wait five, sometimes seven days before it landed. And by the time it finally showed up, I had lost thousands in fees and currency differences.Now, it always struck me strange because at the very same time, I could ...
Jim Cramer on Circle Internet: “I’m Going to Bless It Right Here”
Yahoo Finance· 2025-10-28 16:02
Group 1 - Circle Internet Group (NYSE:CRCL) is gaining attention as a potential significant player in the fintech sector, particularly in digital assets [1][2] - The company offers stablecoins and blockchain-based financial products, including a U.S. dollar-denominated stablecoin [2] - There is a belief that Circle may be a viable alternative investment to traditional cryptocurrencies like Bitcoin, with a growing endorsement from market analysts [1]
X @Cointelegraph
Cointelegraph· 2025-10-28 15:16
🇦🇷 INSIGHT: Argentina’s Milei secures a midterm win, yet his “Bitcoin-friendly” image hasn’t translated into policy.Crypto advocates say the government lacks expertise and direction on digital assets. https://t.co/wcakT2CqOB ...
X @ZKsync
ZKsync (∎, ∆)· 2025-10-28 14:03
Today, we are celebrating a key milestone for ZKsync.The ZKsync token being MiCA ready enables institutions, enterprises and exchanges to partner with ZKsync with confidence, supported by regulatory clarity and accessible documentation.Read the ZK Token Token White Paper 👇ZK Nation (@TheZKNation):The ZKsync Association has published the ZK Token MiCA White Paper.This is a key milestone for @zksync, supporting Europe’s framework for regulating digital assets. https://t.co/WiDEbtIwiJ ...
Trump Media Taps Crypto.com to Launch Prediction Markets on Truth Social
Yahoo Finance· 2025-10-28 13:13
Core Insights - Trump Media & Technology Group plans to launch prediction markets on its social platform Truth Social through a partnership with Crypto.com's U.S.-registered derivatives arm [1][2] - The new feature, Truth Predict, will allow users to bet on real-world events, marking a significant expansion into financial products for the company [2][3] - The company reported over $3 billion in financial assets and achieved its first quarter of positive cash flow since going public [4] Group 1 - Truth Predict will enable users to place bets on various outcomes, including U.S. elections and sports games, using a federally compliant exchange [2] - The integration of prediction markets positions Truth Social as the first social media platform to offer such features natively [3] - The beta test for Truth Predict is expected to launch soon, with in-app token rewards convertible to Crypto.com's Cronos (CRO) token [5] Group 2 - The product will initially launch in the U.S., with plans for international expansion pending regulatory approvals [6] - Trump Media is also exploring broader digital asset initiatives, including a treasury product linked to CRO through a pending SPAC merger [6] - The move places Trump Media in competition with established prediction market platforms like Polymarket and Kalshi, which have received significant financial backing [6]
Mawson Infrastructure to Present at Emerging Growth Conference on December 11, 2025
Globenewswire· 2025-10-28 12:30
Core Viewpoint - Mawson Infrastructure Group Inc. is set to present its strategic growth initiatives in Bitcoin mining and AI infrastructure at the Emerging Growth Conference on December 11, 2025, highlighting recent corporate developments [1][2]. Company Overview - Mawson is a U.S.-based technology company that designs, builds, and operates next-generation digital infrastructure platforms, focusing on AI, high-performance computing (HPC), and digital assets, including Bitcoin mining [6]. - The company operates both self-mining operations and colocation/hosting services for enterprise customers, utilizing a vertically integrated infrastructure model designed for scalability and efficiency [6]. Strategic Initiatives - A core part of Mawson's strategy involves using carbon-free energy resources, including nuclear power, to ensure environmentally sustainable operations while supporting the growth of the digital economy [7]. - Mawson currently has 129 megawatts of capacity online, with additional capacity under development, positioning itself as a competitive provider of carbon-aware digital infrastructure solutions [7]. Conference Details - The Emerging Growth Conference serves as a platform for public companies to present new products, services, and major announcements to the investment community efficiently [4]. - The conference will be conducted through video webcasts, allowing a wide audience of individual and institutional investors, as well as investment advisors and analysts, to participate [5].
X @Avalanche🔺
Avalanche🔺· 2025-10-28 12:22
RT Luigi D'Onorio DeMeo🔺 (@luigidemeo)TIS, a Japanese payments company with nearly ~$4B in revenues and which processes:- 85% of all the branded debit cards in Japan- 50% of credit card transactions in Japan- $2 trillion annually through its PAYCIERGE systemis launching an L1 on Avalanche🔺 to support the issuance and settlement of digital assets in accordance with the new Japan Payment Services Act. The chain is designed to support over 50k TPS with instant finality. ...