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Western Union Enters The Stablecoin Remittances Market With USDPT.
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Western Union Enters The Stablecoin Remittances Market With USDPT.
TL;DR, Stablecoin remittances represented 43% of Africa’s total crypto volume, prompting Western Union to launch its own dollar-pegged stablecoin, USDPT, on Solana to capture this growing market. Western Union will issue USDPT via Anchorage Digital Bank and launch a Digital Asset Network on Solana, merging institutional compliance with wallet-to-cash off-ramps. Expect fewer correspondent bank dependencies, lower fees, and pressure on compet…
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