Western Union announced the launch of the USD stablecoin USDPT on the Solana chain

According to businesswire, cross-border remittance giant Western Union announced the launch of the USD stablecoin USDPT on the Solana blockchain. USDPT is issued by Anchorage Digital Bank and is fully backed 1:1 by the US dollar, while being built on top of Solana.

It is reported that USDPT will be directly integrated into its global payment system to create a more efficient settlement layer, serving agents, partners, and future consumer application scenarios, aiming to provide on-chain settlement layer capabilities for cross-border payments, combining blockchain settlement efficiency with Western Union's global compliance and distribution network.