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 ongoing efforts to innovate in the digital currency space. The introduction of USDPT aims to enhance the efficiency and security of transactions. By leveraging blockchain technology, Western Union seeks to streamline cross-border payments and provide a more reliable service for its customers. The stablecoin is expected to facilitate faster transactions while maintaining the stability associated with the US Dollar.
