Western Union Launches Stablecoin USDPT on Solana, Q1 Net Income Halves to $65M

SOL2.47%
According to Forbes, Western Union launched stablecoin USDPT on the Solana blockchain in May 2026, issued by Anchorage Digital Bank. The company simultaneously deployed a digital asset network to connect crypto wallets and exchanges. Western Union's first-quarter net income declined 50% year-over-year to $65 million, reflecting pressure from traditional currency conversion revenue amid the shift toward blockchain-based settlements.
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