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Western Union’s USDPT stablecoin is ready for a May launch – TON BOT

Western Union’s USDPT stablecoin is ready for a May launch

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Western Union will launch its USDPT stablecoin in May to facilitate faster settlement across payment corridors. The stablecoin, built on Solana and issued by Anchorage Digital Bank, will not be directly available to retail users but will serve as a settlement tool with agents. The company is also launching the Digital Asset Network to connect crypto wallets with its retail and agent network, with the first partner expected to go live soon. Additionally, Western Union plans to introduce a Stable Card later this year for global consumers to hold and spend dollar-backed stablecoins in multiple markets. CEO Devin McGranahan stated that the company is now focused on scaling adoption of digital assets within its money movement platform.

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