Western Union has introduced USDPT, a U.S. dollar-backed stablecoin built on the Solana blockchain, issued by Anchorage Digital Bank. This stablecoin aims to enhance Western Union's global payments network by enabling regulated, near-instant settlement for partners, agents, and future consumer services. The company plans to support USDPT on licensed exchanges and launch a consumer spending service called Stable by Western Union in 2026 across 40+ countries. USDPT also targets treasury and agent settlement to improve liquidity management within Western Union's operations. The launch highlights Solana's role in regulated digital payments, with its price action closely watched by traders.
On May 26, XRP exchange-traded funds (ETFs) recorded net inflows of $1.55 million, continuing a 27-day streak of institutional accumulation despite broad market sell-offs affecting Bitcoin and Ethereum ETFs. While Bitcoin and Ethereum ETFs saw signif...
Solana's price remains stuck below $100 despite record-breaking network activity and a surge in stablecoin transactions, highlighting a disconnect between strong fundamentals and price performance. The token has traded in a tight $80-$90 range for mo...
Pump.fun, originally a Solana-based memecoin launchpad, now supports trading across multiple EVM-compatible chains like Ethereum, Base, and BNB Chain using SOL as the universal currency. Users can trade without managing gas tokens or bridging assets,...
Pump.fun has expanded its trading platform to support multiple EVM-compatible blockchains including Ethereum, Base, and BNB Chain, allowing users to trade across these networks using SOL as the settlement currency. This eliminates the need for bridgi...
The Solana ecosystem is experiencing strong growth driven by the Bitwise Solana Staking ETF, which has attracted nearly $1 billion in cumulative net inflows. This institutional demand is boosting liquidity across Solana protocols, increasing total va...
