Western Union Launches USDPT Stablecoin on Solana as Network Volume Hits $650 Billion

Western Union launched USDPT, a stablecoin on the Solana network, the company announced on X. Grayscale data show stablecoin volume on Solana reached an all-time high of $650 billion in February, even as SOL declined 19.98% during the month. Circle minted $1 billion in USDC on Solana following the Middle East conflict, adding onchain liquidity alongside the USDPT launch.