The token reserves are held in US dollars. Integration with Solana will allow the company to speed up settlements and abandon traditional interbank systems with their delays.
Western Union CEO Devin McGranahan said the introduction of the regulated digital dollar will create an efficient layer for settlements between partners and agents.
The company plans to launch the Stable by Western Union service in 2026. It will allow customers in 40 countries to spend Stablecoins directly. USDPT will also be added to the listing of licensed crypto exchanges.
Blockchain will give Western Union the ability to make instant settlements with agents 24/7. This will help the company manage liquidity more dynamically and reduce idle account balances.
Currently, according to the company, Western Union in Moldova is a reliable way to quickly send and receive money in MDL, EUR, USD currencies. The service works through major banks (maib, MICB, Victoriabank) and Moldcell branches. Transfers are available almost instantly in more than 200 countries and are also possible online to the beneficiary’s account.
