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.
Ethereum's price is trading just above $2,000 after a steep decline from $2,500, raising concerns about a potential crash below this key level or a bullish reversal. This weakness is part of a broader crypto market pullback, with Bitcoin, Ripple, and...
Solana's price is hovering just above a key rising channel's lower trendline, a pattern that previously preceded a 54% crash in January. Despite a bullish appearance, declining buying volume and slowing accumulation by long-term holders suggest weake...
On May 26, US spot Bitcoin ETFs experienced a significant outflow of $334 million, equivalent to about 4,400 BTC, continuing a trend of heavy redemptions in mid-to-late May. Ethereum spot ETFs also faced a $35 million net outflow, marking over 10 con...
David Hoffman, co-founder of Bankless, revealed he sold his Ethereum (ETH) holdings because the 'ETH is Money' thesis has ended. He remains optimistic about Ethereum's network but believes the ETH token failed to capture enough value as the ecosystem...
The crypto market continued its decline with total capitalization dropping 1.5% to $2.53 trillion and Bitcoin falling nearly 3% to around $75,000. This selloff is driven by macroeconomic uncertainty, significant outflows from Bitcoin and Ethereum ETF...
