Global financial services company Western Union is making a strategic move into the world of stablecoins, responding to the evolving landscape created by the recent passage of the GENIUS Act in the US.
On Tuesday, the company announced its intention to launch the US Dollar Payment Token (USDPT), a new stablecoin, alongside its Digital Asset Network designed to integrate digital and fiat currencies.
Western Union New USDPT Stablecoin
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Built on the Solana (SOL) blockchain and issued by Anchorage Digital Bank, USDPT aims to broaden the options for transferring money for customers, agents, and partners, while also bolstering Western Union’s treasury capabilities.
Through this initiative, the company plans to provide users with access to digital assets, allowing them to send, receive, spend, and hold USDPT with
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