Western Union has made its USDPT stablecoin available on Bybit's fiat channels in Latin America, making Bybit the first major crypto exchange to integrate USDPT — arriving two days after MoneyGram launched its own rival dollar token on Stellar.

Western Union's USDPT stablecoin has gone live on the Solana blockchain, marking the traditional remittance giant's entry into on-chain digital assets.

This partnership aims to leverage Solana’s speed and Western Union’s extensive network to facilitate seamless cross-border money transfers.

Part of WU’s broader stablecoin strategy, the product is anticipated to have a “much stickier benefit” in countries with high inflation.