Bitso Adds Western Union's USDPT Stablecoin With Direct Mexican Peso Trading
- —USDPT can be bought and sold with Mexican pesos in the Bitso app
- —The stablecoin is issued by Anchorage Digital Bank on Solana
- —Bitso Business will offer USDPT conversion to business clients and Western Union agents
- —USDPT is pegged 1:1 to the dollar but is not FDIC-insured or US government-guaranteed
Why it matters: It widens access to a dollar stablecoin in a major Latin American remittance market and intensifies competition for peso-dollar conversions.
Source: DiarioBitcoin