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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6477.17
6477.17
6477.17
6573.21
6473.80
-114.73
-1.74%
--
DJI
Dow Jones Industrial Average
45960.10
45960.10
45960.10
46547.59
45910.75
-469.38
-1.01%
--
IXIC
NASDAQ Composite Index
21408.07
21408.07
21408.07
21823.58
21395.77
-521.74
-2.38%
--
USDX
US Dollar Index
99.860
99.860
99.940
99.870
99.580
+0.360
+ 0.36%
--
EURUSD
Euro / US Dollar
1.15111
1.15111
1.15118
1.15459
1.15089
-0.00178
-0.15%
--
GBPUSD
Pound Sterling / US Dollar
1.32958
1.32958
1.32968
1.33470
1.32948
-0.00329
-0.25%
--
XAUUSD
Gold / US Dollar
4419.39
4419.39
4419.82
4475.10
4375.24
+42.29
+ 0.97%
--
WTI
Light Sweet Crude Oil
95.079
95.079
95.109
95.801
90.864
+2.441
+ 2.63%
--
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Western Union picks Solana for its stablecoin and crypto network
Cointelegraph
Arkham / Tether
-2.96%
Virtuals Protocol / USD Coin
-4.12%Virtuals Protocol / Tether
-3.87%Meteora / USD Coin
+5.68%Meteora / Tether
+5.44%Financial services company Western Union has said its stablecoin settlement system, which it announced in its third-quarter earnings call last week, will use the Solana blockchain.
Its stablecoin system will consist of the US Dollar Payment Token (USDPT) and the Digital Asset Network, which will be built in partnership with Anchorage Digital Bank, Western Union said on Tuesday
The company expects that USDPT will launch in the first half of 2026, providing customer access through partner exchanges to broaden accessibility, similar to how the PayPal USD (PYUSD) stablecoin is listed on Binance and other exchanges.
It added that the Digital Asset Network will serve as a cash off-ramp for the remittance platform’s more than 150 million customers, spread across over 200 countries and territories.
Speaking at the Money 20/20 USA conference in Las Vegas on Tuesday, Western Union CEO Devin McGranahan said his team, after comparing many other alternatives, concluded that Solana was the “right choice” for building an institutional-ready stablecoin platform.
Solana@solanaOct 28, 2025"For 175 years, we've been connecting people, moving $150 billion a year. Digital assets is the next evolution.
We looked at alternatives, and came to the conclusion that Solana was the right choice."
- Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
Traditional payment platforms are increasingly exploring blockchain for cross-border remittances, with proponents of the switch saying the technology is faster, cheaper, and more transparent compared to using traditional payment rails.
Zelle, MoneyGram make stablecoin moves
On Friday, the parent company behind payments platform Zelle said it would launch stablecoins to fuel faster cross-border payments, while MoneyGram announced in mid-September that it would integrate its crypto app in Colombia to offer a USDC (USDC) wallet for locals.
GENIUS Act boosts stablecoin plans
The rise in stablecoin adoption coincides with increased regulatory clarity in the US following the signing of the stablecoin-focused GENIUS Act into law by President Donald Trump in July.
Last week, McGranahan said Western Union initially refrained from crypto due to concerns with market volatility, regulatory uncertainty, and customer protection; however, passage of the GENIUS Act changed that course.
The US Treasury Department estimated in April that the stablecoin market was worth $311.5 billion and is estimated to reach $2 trillion by 2028.
Western Union’s move into the stablecoin arena comes a little over three months after it first hinted at plans to integrate stablecoins in July.
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