US Dollar stablecoin
Western Union has officially named its proprietary stablecoin as USDPT, which is pegged to the US Dollar. This move reflects the company’s strategy to enter the digital currency space. The stablecoin aims to facilitate transactions and enhance the efficiency of cross-border payments. By introducing USDPT, Western Union seeks to leverage blockchain technology to improve its services and meet the evolving needs of its customers. The launch of USDPT underscores the growing interest in stablecoins and their potential role in the financial ecosystem.
