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 surged past $66,000 while Ethereum and Solana also gained, driven by easing geopolitical tensions and renewed risk appetite. Despite about $3 billion in outflows from Bitcoin ETFs, experts say this reflects market maturation rather than decli...
On June 15, U.S.-listed spot altcoin ETFs saw focused inflows primarily into Hyperliquid, XRP, and Solana products, indicating concentrated investor interest rather than broad market participation. Hyperliquid ETFs led with $17.19 million in net infl...
Solana's price has surged over 20% from its early June low near $60, reaching around $75, a critical former support level now acting as resistance. This rebound follows easing geopolitical tensions between the U.S. and Iran, which lowered oil prices ...
Circle minted an additional 1 billion USDC stablecoins on the Solana blockchain on June 16, bringing the total USDC issuance on Solana to 3.5 billion over the past week. This large mint reflects growing demand for Solana liquidity, payments, and trad...
The Bank of Japan raised interest rates to 1%, the highest level since 1995, marking a significant shift from its ultra-easy monetary policy. This move could strengthen the Japanese Yen and increase borrowing costs, potentially causing a 20-30% decli...
