Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native US-dollar-collateralized stablecoin. The effort represents a change-of-direction for the world’s largest remittance provider, as it seeks to overhaul its legacy payments infrastructure and remain competitive in the fast-changing financial landscape. The key goal of this project is concise: eliminating the inefficiencies in a traditional correspondent banking network. Western Union plans to leverage blockchain technology to enable real-time, low costs and transparent cross-border payments across its 200 country network. Anchorage Digital Bank, a federally-regulated US crypto institution, issues USDPT. This ties into regulatory compliance more broadly,
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