The Western Union Company plans to launch a dollar-backed stablecoin dubbed the U.S. Dollar Payment Token, or USDPT, in the first half of 2026, the company told the Wall Street Journal on Tuesday. The stablecoin will be built on the Solana blockchain and issued by Anchorage Digital Bank, and customers will be able to access it through Western Union's exchange partners. It will allow customers to reduce costs and close transactions faster.
The company also revealed that it intends to launch a network of digital assets, consisting of crypto wallet providers that would enable non-Western Union customers to convert digital assets into local currencies via its more than 400,000 retail outlets.
"Moving into digital assets and stablecoins is just the next chapter in that long journey of connecting people through technology," Western Union President and CEO Devin McGranahan said.
https://breakingthenews.net/Article/Western-Union-to-launch-stablecoin-in-2026/65065572
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.