Western Union will issue a dollar-pegged stablecoin, USDPT, on the Solana blockchain. The project is being implemented in partnership with the Web3 platform Crossmint.



The key feature of USDPT is direct conversion into national currencies. Users will be able to cash out digital dollars at 360,000 Western Union locations in over 200 countries. The integration will allow third-party fintech applications to instantly process transactions through Solana and send funds directly to cash pickup locations.
SOL-2.01%
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