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via CoinDesk · By CoinDesk Staff

Western Union’s Solana-based stablecoin could reshape its payment model, analyst says

SOL

SOL/USDT

$105.88

+2.44%

$105.88

+2.44%

(24s)

24h Volume

$3,070,958,822.41

24h H/L

$107.36 / $102.94

Change: $4.42 (4.29%)

Long/Short

68.8%

Long: 68.8%Short: 31.2%

Funding Rate

-0.0003%

Shorts pay

Data provided by COINOTAG DATALive data

Solana

Daily

$106.08

▲ 2.81%

Volume (24h): -

Resistance Levels

Resistance 3$124.3278

Resistance 2$110.60

Resistance 1$106.887

Price$106.08

Support 1$103.05

Support 2$98.8245

Support 3$92.35

Pivot (PP):$103.05

Trend:Uptrend

RSI (14):67.7

CoinDesk Staff

(05:22 PM UTC)

1 min read

Verified byEmily Watson

0 comments

Western Union launched USDPT, a dollar-backed stablecoin on Solana, issued by Anchorage Digital Bank, for 24/7 settlement with agents and partners.

Western Union's new Solana-based stablecoin, USDPT, may do more than speed up money transfers. It could also weaken the old lines between remittances, consumer payments and bank settlement, according to Angus Scott, founder of the Solana Research…

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CoinDesk Staff · CoinDesk

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