Solana (SOL) on Fire: Western Union Stuns Crypto World as ETFs Spark Explosive Rally
Recent News & Developments In the past week, Solana has been in the headlines. Western Union’s October 30 press release announced USDPT, a new USD-backed stablecoin on Solana (issued via Anchorage Bank) businesswire.com. This marks a major corporate endorsement of Solana’s blockchain. Western Union CEO Devin McGranahan emphasized that USDPT and WU’s new Digital Asset Network will help “make financial services accessible to people everywhere” businesswire.com. Industry analysts (e.g. William Blair) noted that remittance firms view stablecoins as an opportunity, not a threat coindesk.com – a change in mindset that benefits Solana. Meanwhile, social media lit up with institutional bragging