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Western Union debuts USDPT stablecoin for payments
Western Union has introduced a US dollar-denominated payment stablecoin as it moves toward “regulated, digital-first financial infrastructure”. The stablecoin, called USDPT, is fully backed by US dollars and is issued by Anchorage Digital Bank, a federally regulated crypto bank in the country. Western Union said the asset is built on the Solana blockchain and is designed to operate within existing payment systems. Solana Foundation president Lily Liu said: “Bringing stablecoins into production payment flows requires infrastructure that is both institution-grade and continuously available. “Solana’s ... (full story)
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