The Block reported that Western Union, the world's largest remittance and payment company, will launch its Solana (SOL)-based stablecoin USDPT next month. Western Union CEO Devin McGranahan stated in a Q1 conference call that "whether Western Union will be active in the digital asset space is no longer the question, but how quickly we can scale." USDPT is not intended as a consumer-facing stablecoin but will be used on the SWIFT network, and it is expected to enable faster processing even on bank holidays through on-chain settlements with major agent partners.
