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Western Union Seeks Stablecoin Rollout to Sidestep SWIFT
The Western Union Company will roll out its USD stablecoin
USDPT within the next month to process transactions internationally without using SWIFT and provide crypto cash-out and stablecoin cards.
Details of USDPT Rollout
* Timeframe: USDPT almost ready, set to be rolled out next month
* Network: It will operate on Solana (SOL)
* Issuer Partner: USDPT will be issued by a federally chartered crypto bank, Anchorage Digital
* Use Case: Initially not intended for consumers. Replacing SWIFT interbank network for processing payments with agents
Why Leave SWIFT?
* Problem: Traditional systems only process on weekdays, taking 2-3 days in some countries
* Solution: Stablecoins will allow instant settlement seven days a week
* Efficiency: It will minimize capital locked up in the system
New Products: DAN + Stable Card
* Digital Asset Network (DAN): Allows crypto wallets to use Western Union as a cash-out service. Converts digital assets into local currencies through WU’s extensive retail network. Pipeline: tens of millions of wallets worldwide
* Stable Card: To be released sometime during the latter half of 2026. Stores stablecoins and spends using payment rails. Inflationary environments need US dollar stable coins with everyday usage
* Launch: First phase deployment in several dozen markets planned for latter 2026
Pressure from Competition
The move comes amid intense competition for its core money transfer services from fintech companies and cryptocurrencies. MoneyGram relies on Circle’s USDC. Stripe unveiled stablecoin infrastructure built on Tempo blockchain technology.
#WesternUnion #Stablecoins #USDPT #Solana #Remittance
$SOL
{spot}(SOLUSDT)
The Western Union Company will roll out its USD stablecoin
USDPT within the next month to process transactions internationally without using SWIFT and provide crypto cash-out and stablecoin cards.
Details of USDPT Rollout
* Timeframe: USDPT almost ready, set to be rolled out next month
* Network: It will operate on Solana (SOL)
* Issuer Partner: USDPT will be issued by a federally chartered crypto bank, Anchorage Digital
* Use Case: Initially not intended for consumers. Replacing SWIFT interbank network for processing payments with agents
Why Leave SWIFT?
* Problem: Traditional systems only process on weekdays, taking 2-3 days in some countries
* Solution: Stablecoins will allow instant settlement seven days a week
* Efficiency: It will minimize capital locked up in the system
New Products: DAN + Stable Card
* Digital Asset Network (DAN): Allows crypto wallets to use Western Union as a cash-out service. Converts digital assets into local currencies through WU’s extensive retail network. Pipeline: tens of millions of wallets worldwide
* Stable Card: To be released sometime during the latter half of 2026. Stores stablecoins and spends using payment rails. Inflationary environments need US dollar stable coins with everyday usage
* Launch: First phase deployment in several dozen markets planned for latter 2026
Pressure from Competition
The move comes amid intense competition for its core money transfer services from fintech companies and cryptocurrencies. MoneyGram relies on Circle’s USDC. Stripe unveiled stablecoin infrastructure built on Tempo blockchain technology.
#WesternUnion #Stablecoins #USDPT #Solana #Remittance
$SOL
{spot}(SOLUSDT)
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