Western Union will launch its stablecoin USDPT next month and plans to introduce "stablecards" to consumers worldwide.

CoinFeed reported on April 27th that, according to The Block, Western Union announced the launch of its Solana-based stablecoin USDPT next month. This stablecoin is positioned as an alternative to the SWIFT network for settlements between the company and its agents, rather than a consumer-facing product. Western Union will also launch a digital asset network, connecting crypto wallets to its existing retail and agent network, allowing millions of wallet users to exchange their digital assets for local currency through Western Union's retail network. Furthermore, the company plans to launch USD stablecoin cards in dozens of markets later this year, allowing consumers to hold value in the stablecoin and spend it globally.