Western Union to launch stablecoin next month, with 'Stable Card' planned for global consumers
Western Union is set to launch its Solana-based stablecoin, USDPT, next month, primarily for onchain settlement with agents as an alternative to SWIFT. The company also plans to introduce a Digital Asset Network (DAN) to connect crypto wallets to its retail network and a USD Stable Card for consumers to hold and spend dollar-denominated stablecoins in inflation-sensitive markets. These initiatives follow a stabilizing first-quarter earnings report, where adjusted revenue was down just 1% year-over-year.
https://www.theblock.co/post/398905/western-union-stablecoin-next-month