Anchorage Digital Backs Western Union USDPT Stablecoin Launch on Solana in May

GateNews
SOL-0.07%
GENIUS4.06%

Anchorage Digital Bank submitted a comment letter to the Office of the Comptroller of the Currency supporting the GENIUS Act framework for stablecoin issuance as Western Union’s U.S. Dollar Payment Token (USDPT) prepares to launch on Solana this month. Anchorage will serve as the federally regulated issuer for USDPT, with the first phase focused on settlement between Western Union and agents in selected corridors.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

3 Altcoins for Strategic Investment Today — HYPE, TAO, SOL

HYPE powers decentralized derivatives trading with strong revenue growth and token burn incentives. TAO monetizes AI development through decentralized infrastructure and rewards global innovation. SOL drives scalable blockchain adoption with rising transaction volumes and expanding

CryptoNewsLand3h ago

Nigeria Becomes Africa's Leading Solana Developer Hub, Ranks Sixth Globally in Q1 2026

According to SuperteamNG's impact report, Nigeria emerged as the sixth-largest Solana developer hub globally during the first quarter of 2026, with Nigerian developers representing approximately 67% of all active Solana developers across

GateNews10h ago

Circle Mints 250 Million USDC on Solana Overnight

According to PANews, Circle minted 250 million USDC on Solana early today (May 2) at 5:10 AM, according to on-chain data.

GateNews14h ago

Brazil Central Bank Prohibits Crypto in Cross-Border Payments

Brazil's central bank has prohibited the use of cryptocurrencies in regulated cross-border payments as part of a broader effort to bring international transfers within the country's foreign exchange system. The Banco Central do Brasil issued Resolution No. 561 on Thursday, amending the eFX framework

CryptoFrontier20h ago

Solana Price Compresses at Key Level as Security Upgrades Emerge

Key Insights The Solana price compresses near the triangle apex as the EMA cluster and CRT range align, creating conditions that often precede sharp directional volatility expansion. The quantum readiness report confirms Falcon integration, ensuring Solana can activate post-quantum

CryptoNewsLand20h ago

Solana Holds $86 as ETF Inflows Tighten Price Range

Key Insights: Solana recorded five consecutive ETF inflow sessions, pushing cumulative assets above one billion dollars while selective outflows highlighted shifting institutional allocation strategies. Price action remained supported above short-term averages, while long-term resistance

CryptoNewsLand21h ago
Comment
0/400
No comments