Western Union Launches Dollar Stablecoin on Solana
Western Union has launched its own dollar stablecoin on the Solana blockchain to settle internal transfers.
Payments giant Western Union has launched a dollar-backed stablecoin on the Solana network to settle its own transfer operations, according to Startup Fortune.
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The newly introduced stablecoin will be utilized by the company to streamline and settle its own cross-border transfers directly on-chain.
Key facts
- Western Union launched a dollar stablecoin on the Solana network
- The asset is designed to settle the company's own transfers
Source: news.google.com
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