Western Union Launches USD Stablecoin on Solana Blockchain With Anchorage Digital Partnership

Global money transfer giant Western Union has announced a strategic partnership with Anchorage Digital to launch a USD-pegged stablecoin on the high-speed Solana blockchain. This major development marks Western Union's significant entry into the cryptocurrency space, leveraging Solana's fast transaction speeds and low costs to potentially revolutionize cross-border payments and remittance services. The collaboration combines Western Union's extensive global financial network with Anchorage Digital's institutional-grade crypto infrastructure, positioning the stablecoin for widespread adoption in international money transfers and digital finance applications.