Western Union announced the launch of USDPT, a dollar-backed stablecoin built on the Solana blockchain, to enhance its global money transfer services. This digital asset aims to speed up settlement times and reduce costs by integrating blockchain technology into Western Union's existing payment network. The company plans to roll out consumer stablecoin services in over 40 countries by 2026, enabling 24/7 fund transfers and improved liquidity management. This move marks a significant step in Western Union's digital transformation and expansion into regulated blockchain payments.
Chu Hai Bang (Shenzhen) Technology Co., Ltd. has launched Vibeperk, a global cross-border e-commerce platform that offers genuine consumer goods at permanently lower prices than Amazon and other major retailers. The platform emphasizes transparent, u...
Edelson Lechtzin LLP is investigating Kering S.A. for potentially keeping tariff-related price increases on luxury brands like Gucci and Saint Laurent without refunding consumers after the U.S. Supreme Court ruled the tariffs unlawful in February 202...
Richard Heathcote, former chief investment officer of Tether, is seeking to sell part of his 1.26% stake in the stablecoin issuer, potentially revealing insights into Tether's private ownership. The sale, managed with PJT Partners, could provide a ra...
South Korea's largest crypto exchange, Upbit, will start trading OpenGradient's OPG token against the Korean won on July 7, following a successful debut against BTC and USDT on June 15 that saw trading volume spike by 600%. OPG is a decentralized AI ...
The Trump administration's plan to create a Strategic Bitcoin Reserve is facing legal challenges over which federal agency can control seized Bitcoin holdings. While the Treasury was initially named to manage the reserve, the Commerce Department has ...
