Western Union, a major cross-border remittance provider, announced the launch of its USDPT stablecoin on the Solana blockchain. USDPT, issued by Anchorage Digital Bank and fully backed by the US dollar at a 1:1 ratio, is built on Solana. USDPT will reportedly be directly integrated into its global payments system to build a more efficient settlement layer, serving agents, partners, and future consumer applications. It aims to provide on-chain settlement capabilities for cross-border payments, combining blockchain settlement efficiency with Western Union's global compliance and distribution network. (Businesswire)