analyst: Western Union’s Solana-based stablecoin could reshape its payment model, analyst says

Western Union launched USDPT, a dollar-backed stablecoin on Solana, issued by Anchorage Digital Bank, for 24/7 settlement with agents and partners. What to know : Western Union launched USDPT, a dollar-backed stablecoin on Solana, issued by Anchorage Digital Bank, for 24/7 settlement with agents and partners. Analyst Angus Scott says USDPT shows stablecoins disrupt traditional payments, pressuring legacy remittance and bank settlement models. Solana's fast, low-fee, 24/7 operations allow USDPT to handle small consumer payments and large settlement flows, merging remittances and wholesale settlements.(Coindesk)