The Block reported that Western Union, the world's largest remittance and payment company, will launch USDPT, a Solana (SOL)-based stablecoin, next month. Western Union CEO Devin McGranahan stated in a Q1 conference call, "Whether Western Union will be active in the digital asset space is no longer the question; the question is 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 settlement with key agent partners.
