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Bostic, Federal Reserve: Weak Employment Data Is Another Reason For The Fed To Remain Cautious
The Yen Continued To Rise On The Second Day After The Japanese House Of Representatives Election. In Late New York Trading On Monday (February 9), The Dollar Fell 0.91% Against The Yen To 155.79 Yen, Trading Between 157.76 And 155.52 Yen During The Day. It Had Briefly Risen In Early Asian Trading Before Gradually Declining. The Euro Fell 0.13% Against The Yen, And The Pound Fell 0.29% Against The Yen
Fed's Miran: Dollar's Moves Don't Have Big Impact On Monetary Policy, Have Been Relatively Modest
Chicago Soybean Futures Fell About 0.5%, Soybean Meal Fell About 2%, And Soybean Oil Rose More Than 2.5%. On Monday (February 9), The Bloomberg Grains Index Fell 0.34% To 29.5222 Points In Late New York Trading, Remaining Down For The Day. CBOT Corn Futures Fell 0.41%, And CBOT Wheat Futures Fell 0.28%. CBOT Soybean Futures Fell 0.49% To $11.0975 Per Bushel, Soybean Meal Futures Fell 1.98%, And Soybean Oil Futures Rose 2.55%

Due to the previous government shutdown, the release date of the US January non-farm payroll report has been changed to February 11.
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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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