Browsing: Solana

Western Union has chosen the Solana blockchain for its stablecoin settlement system, including the USDPT token and Digital Asset Network, set to launch in H1 2026. This move aims to modernize cross-border remittances for over 150 million customers, leveraging blockchain for faster, cheaper transactions amid growing institutional adoption and regulatory clarity from the GENIUS Act.

The approval of Solana staking ETFs marks a transformative milestone for cryptocurrency markets, with projections of $3-6 billion in first-year inflows positioning SOL alongside Bitcoin and Ethereum as major institutional assets. This development combines regulatory advancements with sophisticated treasury strategies and technological innovations, creating a bullish outlook despite ongoing network performance challenges and economic uncertainties.