Western Union plans to introduce its own stablecoin, USDPT, in partnership with Anchorage Digital on the Solana blockchain. This move aims to enhance cross-border payments and compete with rapidly growing fintechs. The stablecoin is expected to benefit remittance receivers in unstable economies.

Cross River Bank has introduced a platform that combines stablecoin and fiat transactions in one system, allowing companies to move money efficiently across different networks. This service aims to simplify operations and enhance compliance for fintechs and businesses dealing with digital assets.

Blockchain lender Figure Technology Solutions Inc. is set to go public this month, aiming to raise up to $526 million in an IPO that could value the company at $4.13 billion. Founded in 2018, Figure has expanded its offerings beyond home equity loans to include crypto-backed loans and is leveraging AI for loan evaluations, reporting significant revenue growth in recent months.