USDPT | Western Union (USDPT)$1.00
-0.05% (24H)
Low $1.00
High $1.00
- Market Cap $18.07 M
- Volume $51,863
- Available Supply 18.08 M USDPT
- ATH $1.45
- ATH(% Change) -31.22%
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| Date | Price | Volume | MarketCap |
|---|
USDPT | Western Union current price is $1.00 with a marketcap of $18.07 M. Its price is -0.05% down in last 24 hours.
U.S. Dollar Payment Token (USDPT) is a fully reserved, USD-pegged stablecoin issued on the Solana blockchain by Western Union in partnership with Anchorage Digital Bank, a federally chartered crypto bank. USDPT functions as a payment token designed to facilitate real-time, low-cost global remittances and treasury operations within Western Union's existing network of over 400,000 agents worldwide.The stablecoin is backed 1:1 by high-quality liquid assets held in bankruptcy-remote trusts, with monthly third-party attestations for transparency and compliance. It leverages Solana's Token-2022 extensions to enable programmable features such as transfer fees, confidential balances, and wallet-level controls while adhering to the GENIUS Act (2025) framework for regulated payment stablecoins.USDPT enables just-in-time liquidity provisioning to agents, reducing pre-funding requirements and settlement times from days to seconds. It integrates with agent wallets for cash payouts and Digital Asset Network (DAN) partners for on-ramps and off-ramps, bridging traditional cash networks with blockchain rails. The primary utility is efficient cross-border disbursements, treasury float optimization, and 24/7 money movement across Western Union entities and global bank/FI partners.
