Wire · operational-macro
Solana breaks $140 as Western Union's stablecoin bet keeps paying off
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Fusion42 · 5 November 2026 · Fusion42 review
Solana's price surpassed $140 as Western Union adopted its blockchain for settling its US dollar-backed stablecoin, USDPT, prioritising fast, low-cost transfers over Ethereum's liquidity dominance. The move highlights a shift in the remittance sector's choice of blockchain rails for stablecoins, emphasising cost and speed.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Western Union's shift to Solana for stablecoin settlement shows you where real remittance demand is heading: low fees and speed trump blockchain popularity. This move opens a door to target remittance firms still prioritising cost over scale, as Ethereum’s dominance faces real challenges.
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1 source · 4 Nov 2026
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