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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
$75.21
-0.28%
$75.21
-0.28%
(24s)24h Volume
$947,008,106.99
24h H/L
$75.71 / $74.10
Change: $1.61 (2.17%)
Long/Short
74.3%
Long: 74.3%Short: 25.7%
Funding Rate
-0.0024%
Shorts pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(05:22 PM UTC)
1 min read
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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