Western Union plans to introduce a stablecoin on the Solana blockchain in collaboration with Anchorage Digital. This initiative aims to enhance the company’s digital payment solutions. The partnership with Anchorage Digital is expected to provide the necessary infrastructure for the stablecoin’s launch. By leveraging Solana’s capabilities, Western Union seeks to improve transaction speed and efficiency. This move reflects the growing trend of traditional financial institutions exploring blockchain technology for innovative payment methods.
