TLDR Tech / Crypto
Western Union launches USDPT stablecoin with crossmint on Solana
Western Union and Crossmint launched the USDPT stablecoin on Solana, enabling cash redemptions at 360,000 locations worldwide. This expansion targets the $905 billion remittance market as US regulatory efforts, specifically the Clarity Act, stall over banking industry fears of a $500 billion deposit flight by 2028.
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