NYSE:WUDiversified Financial
Western Union Stablecoin Push Tests Valuation Ideas And Long Term Relevance
Western Union (NYSE:WU) has launched USDPT, a regulated U.S. dollar-backed stablecoin, on the Solana blockchain.
The company has chosen Fireblocks as its infrastructure provider as it begins using blockchain for agent and treasury settlement.
Initial deployment focuses on the Philippines and Bolivia, with plans to extend consumer-facing products to more than 40 countries.
For investors watching Western Union at a share price of $9.12, the move into a regulated stablecoin signals a push...