Western Union is preparing to launch its own stablecoin on the Solana blockchain, according to the Wall Street Journal. This marks a major step for one of the world’s oldest money transfer companies as it moves deeper into digital finance.
The plan is to make international transfers faster and cheaper by using Solana’s high-speed, low-cost network. Instead of relying on traditional banking rails, Western Union’s stablecoin will allow users to send and receive funds almost instantly even across borders.
This move shows how traditional financial giants are starting to embrace blockchain technology to stay relevant in the new digital era. It’s not just about crypto anymore it’s about real-world utility.