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According to The Wall Street Journal, Western Union is expanding its strategic footprint in crypto, planning a collaboration with Anchorage to develop a Solana-based stablecoin slated for rollout by 2026.
The initiative also envisions launching a digital wallet to accompany the stablecoin, leveraging Anchorage for custody and broader network integration.
This move underscores growing interest from the mainstream financial sector in on-chain rails, as banks and payments firms pursue regulated onramps to digital assets while balancing risk controls, regulatory clarity, and user experience.
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