Western Union has introduced USDPT, a U.S. dollar-backed stablecoin built on the Solana blockchain, aimed at enabling near-instant, 24/7 settlements across its global agent network. Issued by federally regulated Anchorage Digital Bank N.A., USDPT will initially roll out in the Philippines and Bolivia before expanding to more regions via licensed exchanges. The stablecoin supports treasury management and agent settlements in over 200 countries, improving liquidity management and reducing idle balances. Western Union plans to extend USDPT for consumer use by 2026, integrating it into a broader digital asset network for global payments and settlements.
Bitcoin fell about 2.7% to around $63,200 following the U.S. market close, dragged down by a sharp 10% drop in South Korea's Kospi index, which hit its lowest since April. The U.S. Senate postponed a vote on the CLARITY Act, delaying crypto regulator...
The Solana Policy Institute warns that billions in crypto investment are on hold pending the passage of the CLARITY Act, which would clarify legal protections for developers and validators in decentralized networks. Without this legislation, investor...
Circle minted $500 million in USDC on the Solana blockchain in July, continuing a trend of shifting stablecoin liquidity from Ethereum to Solana. This issuance, done in two $250 million tranches, reflects growing demand for USDC on Solana, which has ...
In Q2 2026, Solana's consumer card ecosystem reached a record $246 million in top-ups and $185 million in card spending, highlighting increased user engagement and adoption of its payment infrastructure. This growth reflects broader activity surges i...
In Q2 2026, Solana decentralized exchanges reached a record $183.2 billion in perpetual futures volume, marking the highest quarterly figure for the platform. This surge highlights growing interest in Solana's derivatives market, even as spot trading...
