Western Union Rolls Out USDPT on Solana
USDPT is being issued by crypto infrastructure firm Anchorage Digital, the first federally regulated crypto bank in the US, while Fireblocks is providing the wallet and settlement infrastructure for the stablecoin. Western Union said it plans to make USDPT available on licensed crypto exchanges and connect them to its broader payments and liquidity infrastructure. USDPTs launch in Bolivia and the Philippines makes the stablecoin available to a combined 130 million people. On Sunday, Bybits former chief marketing officer, Claudia Wang, said there was an opportunity for money transmitter firms like Western Union to tap into many untouched remittance corridors in the Americas, which have become a $174 billion market. She said remittance corridors between the US and Central America are exploding, while many routes from within Latin America — such as from Argentina to Bolivia — have been “almost untouched by crypto rails.” Western Union facilitates transfers for more than 150 million customers across more than 190 countries. Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraphs Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.