Western Union’s stablecoin takes on fintechs for bigger share of Africa’s $95B remittance market

Western Union is entering the stablecoin space with USDPT, a dollar-backed digital token set to launch on the Solana blockchain in 2026. The move positions the 175-year-old remittance giant to compete with fintech startups and crypto-native platforms for a share of Africa’s $95 billion remittance market, where millions already use stablecoins like USDT and USDC to hedge against currency volatility and inflation.

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