News Roundup — Western Union to Launch USDPT Stablecoin and Stable Card

Major news stories this week;

1. Western Union to Launch USDPT Stablecoin and Stable Card
2. Visa Expands Stablecoin Settlement Pilot to Nine Blockchains
3. Meta Launches USDC Creator Payouts on Solana and Polygon via Stripe
4. Tether Reports $1.04B Profit and $141B in U.S. Treasuries
5. Canada Proposes Ban on Crypto ATMs

Story Summaries;

1. Western Union is preparing to launch its USDPT stablecoin in May, alongside a Stable Card aimed at global consumers. The move marks a major step by a legacy payments company into digital assets, with stablecoins positioned as a tool for faster cross-border settlement and broader financial access.
2. Visa has expanded its stablecoin settlement pilot to nine blockchains, reportedly reaching a $7 billion annualized settlement run rate. The development shows stablecoins moving deeper into institutional payment infrastructure as major networks explore blockchain-based settlement alongside traditional rails.
3. Meta is piloting USDC payouts for creators in selected markets using Stripe, Solana, and Polygon. The program signals renewed interest from Big Tech in crypto payments and highlights stablecoins’ potential for faster, lower-cost international creator payouts.
4. Tether reported $1.04 billion in first-quarter profit and disclosed $141 billion in U.S. Treasury holdings. The results reinforce Tether’s central role in the stablecoin market while keeping attention on reserve transparency and the growing connection between stablecoins and traditional financial assets.
5. Canada is proposing a ban on crypto ATMs, citing concerns around scams, fraud, and money laundering. The proposal reflects a tougher regulatory approach to consumer-facing crypto access points while preserving the option to buy digital assets through regulated channels.

And that’s all for last week’s news! Wishing you a great week ahead!