Altcoins News

Story: Western Union Chooses Solana for Its Upcoming Stablecoin and Crypto Settlement Network

By Sakamoto Nashi

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Western Union’s Stablecoin Network to Start in 2026. Announced during its third-quarter earnings call, Western Union confirmed that its…

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Why Solana Was Chosen for the Network. Speaking at the Money 20/20 USA Conference in Las Vegas, Western Union CEO Devin McGranahan…

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Anchorage Digital Bank Joins as Custody Partner. To ensure full compliance and security, Western Union is partnering with Anchorage Digital Bank,…

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Traditional Remittance Meets Blockchain Innovation. Western Union’s move highlights the growing interest among traditional financial institutions in…

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Competitors Are Also Exploring Stablecoin Solutions. Western Union isn’t alone in this transition. Other payment leaders such as Zelle and MoneyGram…

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The GENIUS Act Boosts Stablecoin Expansion. A major catalyst behind these developments is the GENIUS Act, a stablecoin-focused legislation…

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Stablecoin Market Outlook. According to estimates from the U.S. Treasury Department, the global stablecoin market was valued…

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A Turning Point for the Remittance Industry. Western Union’s embrace of Solana represents more than just a technological upgrade—it’s a…

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Financial services giant Western Union is officially entering the digital asset space, choosing the Solana blockchain to power its new Digital Asset Network and US Dollar Payment…

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Announced during its third-quarter earnings call, Western Union confirmed that its blockchain-based settlement platform will roll out in the first half of 2026.

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According to the company, the USDPT stablecoin will be pegged 1:1 to the US dollar and made available through multiple crypto exchanges to ensure liquidity and accessibility.

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The company plans to leverage the Digital Asset Network as a cash off-ramp for its more than 150 million customers across 200 countries and territories, enabling faster and…

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Speaking at the Money 20/20 USA Conference in Las Vegas, Western Union CEO Devin McGranahan explained that the firm had evaluated multiple blockchain options before settling on…

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“After comparing many blockchain networks, we found Solana to be the right choice for building an institutional-ready stablecoin platform,” McGranahan noted.

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Solana has gained significant traction among developers and institutions for its low fees and high-performance capabilities.

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