Western Union Officially Launches USDPT Stablecoin on Solana
After the stablecoin-friendly GENIUS Act was passed in July, major remittance businesses started looking at stablecoins.According to Western Union, the introduction of USDPT is indicative of a larger trend in the development of global payments. Launching its USDPT stablecoin on Solana, Western Union has taken its first step toward blockchain-based payments and onchain settlement for its worldwide remittance network. While Western Union has stated its intention to spread the stablecoin to over 40 countries in 2026, one of the crypto infrastructure platforms participating in the launch, Fireblocks, said on Monday that USDPT is first being rolled out in Bolivia and the Philippines. Banking on Stablecoin Growth After the stablecoin-friendly GENIUS Act was passed in July, major remittance businesses started looking at stablecoins. With the announcement of intentions to provide stablecoin-powered cross-border payments in October, Zelle joined MoneyGram in September in delivering USDC (USDC) stablecoin services in Colombia. According to Western Union, the introduction of USDPT is indicative of a larger trend in the development of global payments. They also predicted that in the future, more and more financial institutions would use regulated digital assets as their fundamental infrastructure. Based on projections made by Citigroup and the US Department of the Treasury, the stablecoin market valuation