Western Union eyeing stablecoin launch to settle global transactions without SWIFT, CEO says
Western Union is launching USDPT, a U.S. dollar stablecoin on Solana, next month to bypass SWIFT for real-time global settlement with agents. The firm also plans a Digital Asset Network for crypto-to-fiat conversions and a Stable Card for stablecoin spending. This move positions Western Union against fintech rivals in cross-border payments, addressing inflation concerns in emerging markets including India.
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