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Western Union has gone live with $USDPT, a Solana-based stablecoin, marking the payments giant's first direct foray into on-chain settlement infrastructure. Details on supported corridors, redemption mechanics, and custody arrangements have not yet been disclosed.
The move signals that legacy remittance players are treating public blockchains — not just private ledgers — as viable rails for dollar-denominated transfers. Solana's low fees and high throughput make it a natural fit for the high-volume, low-margin business Western Union operates at scale.
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