Western Union Launches USDPT Stablecoin on Solana for Global Payments

Western Union has launched a new stablecoin, USDPT, built on the Solana blockchain, in collaboration with Anchorage Digital Bank. This innovative pairing aims to bridge the gap between traditional fiat currency and digital assets, offering secure and efficient money transfer options for businesses and individuals globally. USDPT’s stability is achieved by being linked to the U.S. dollar, minimizing volatility commonly seen in the crypto market.