Stablecoin infrastructure startup Checker has just raised over $8 million across pre-seed and seed funding rounds to accelerate development of its stablecoin network.

 

The funding round was led by Galaxy Ventures, Al Mada Ventures, and Framework Ventures, with participation from Onigiri, IGNIA, Cerulean, Aquanow, Commerce Ventures, Pharsalus Capital, SNZ Capital, DFS Lab, Breed, Overlook, Velocity, Bitso Business, and AirTM.

 

Other angel investors involved in the round include Stripe, Tala, Flutterwave, Mesh, ComplyAdvantage, and Superstate, among others.

 

 

With this new funding, the Checker team aims to accelerate its global expansion plans while building a credit infrastructure embedded within its platform that allows users to lend and borrow without always having to pre-fund their accounts. The team also plans to automate its operations by building AI agents to handle treasury management, back office operations, and predictive analytics, all aimed at helping the platform scale efficiently.

 

Another goal for the Checker team is to solve the fragmentation problem currently facing stablecoin infrastructure. Despite the growing adoption of stablecoins and tokenized assets, liquidity fragmentation, operational complexity, and compliance hurdles continue to hamper large-scale adoption, particularly among institutions.

 

While institutions have adopted several makeshift solutions to work around these hurdles, such solutions are often difficult to maintain and scale. This is the problem Checker aims to solve.

 

Through its single API, institutions can launch and scale products across trading, payments, treasury, and credit markets. Institutions do not need to worry about integrating multiple providers into their platforms, as Checker abstracts these complex integration processes into a single API connection.

 

About Checker 

Checker is a stablecoin infrastructure startup that allows financial institutions access to stablecoin and fiat liquidity through its single API platform. Its platform currently supports over 75 currencies, supporting over 50 liquidity providers, including exchanges, OTC desks, and banks. 

 

Since its launch, Checker has processed several billion dollars, processing over 43 billion within its first 12 months of operation. It also serves several financial institutions across the US, Europe, Latin America, Africa, and Asia, notable among them are Rail, which was acquired by Ripple, and Brasa Bank in Brazil.

 

 

Polymarket, the world’s largest prediction market company, has partnered with Nasdaq, the global financial technology company, to launch the first prediction markets that track the performance and milestones of private companies. 

 

 

Prior to the launch of this new offering, only institutions and high-net-worth investors had exclusive access to invest in private, high-growth companies before they went public. However, with the launch of this new offering, individuals, including retail traders, can now access some of the most sought-after private companies before they go public. 

 

The new offering also provides real-time signals to institutional investors on how private markets are unfolding, helping them make informed investment decisions and better manage their risks. Users can now access and monitor events in the high-growth company market, which currently comprises over 1,700 unicorns globally. 

 

"Prediction markets are one of the most powerful tools we have for democratizing access to financial information and opportunity," said Shayne Coplan, Founder and CEO of Polymarket. "Today’s launch brings that power to one of the last frontiers of financial markets that retail participants have never been able to access. For the first time, anyone can engage with the outcomes driving value at the world's most consequential private companies."

 

And with the Nasdaq Private Market serving as the resolution data provider for private company markets, users can access private companies through the Polymarket platform. The “privates” section on Polymarket currently has about 20 active private markets, including SpaceX, OpenAI, Anthropic, Stripe, Anduril, and Canva. 

 

Hence, users can now transparently engage with verifiable private company events, including taking positions in a company’s valuation milestones, Initial Public Offering (IPO), and other secondary market activity. 

 

“Nasdaq Private Market has established itself as a trusted source of liquidity and investment infrastructure across the private market ecosystem,” said Tom Callahan, CEO of Nasdaq Private Market. “Polymarket has built a platform that can open access to a broader audience. We are proud to provide the data that ensures every market resolves accurately. When retail participants enter any market, high-integrity data matters.”

 

 

Zerohash, a leading crypto infrastructure provider, has received an Electronic Money Institution (EMI) license from De Nederlandsche Bank, the Dutch central bank.

 

The EMI license comes shortly after it secured a Markets in Crypto Assets Regulation (MiCAR) license in October 2025 from the Dutch Authority for the Financial Markets (AFM).

 

With the EMI license secured, Zerohash is now the first MiCAR-licensed firm to obtain an Electronic Money Institution license in accordance with the European Banking Authority’s June 2025 No Action Letter and February 2026 clarifications, which gave crypto firms and stablecoin issuers a temporary breathing space to get their payment licenses in order by March 2nd of this year.

 

 

By securing the EMI license, Zerohash positions itself to issue, manage, and support stablecoin-powered payments using e-money tokens across the European Economic Area. Zerohash now has the regulatory basis to integrate crypto and traditional electronic money flows for its institutional clients.

 

"Europe has a massive market for stablecoin applications," said Roeland Goldberg, Managing Director, Europe at Zerohash. "The announcement comes on the heels of accelerating momentum for Zerohash across Europe. In recent months, the company has expanded its European Union presence in Amsterdam and is now powering partners, including Interactive Brokers Europe, in the region."

 

Alongside the previously secured MiCAR license, Zerohash can now serve its institutional clients, including banks, fintechs, brokerages, payment providers, and large enterprises, providing compliant stablecoin settlement, remittances, and digital asset services across Europe.

 

About Zerohash 

Zerohash is a leading infrastructure provider for crypto, stablecoins, and tokenized assets. Through its application programming interface (API) and embeddable developer kit, it enables large institutions, including banks, brokerages, and fintech companies, to integrate crypto trading, stablecoin payments, custody, tokenization, and fiat to crypto and crypto to fiat conversion services into their own platforms, without having to build complex backend infrastructure or navigate regulatory frameworks themselves.

 

Zerohash is currently a licensed money transmitter in 51 United States jurisdictions and serves more than 5 million users across over 190 countries. Its crypto and stablecoin infrastructure has also been used by several institutional firms, including Interactive Brokers, Stripe, Franklin Templeton, and MoneyLion, with its infrastructure also supporting BlackRock’s BUIDL fund.

 

 

Blockchain analytics firm Elliptic recently secured $120 million in a Series D funding round led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank. The company is now valued at $670 million.

 

 

According to Elliptic, the funding will be used to accelerate its mission to deliver enterprise-grade on-chain analytics to some of the world’s largest financial institutions, including banks, fintech companies, crypto companies, and government agencies.

 

“As digital assets become more embedded in the global financial system, institutions need trusted infrastructure to manage compliance and risk at scale. Elliptic’s platform plays an important role in providing that infrastructure, helping firms navigate digital asset adoption with confidence and integrity,” said Gary Offner, Senior Vice President and Head of Nasdaq Ventures.

 

Among Elliptic’s expansion plans is scaling its native artificial intelligence compliance system for enterprises. Leveraging its years of experience building one of the most comprehensive and diverse datasets and its ability to process more contextual information per second than competitors, Elliptic plans to build an enterprise-grade compliance system that allows compliance teams to do more with less: alerts resolved in minutes rather than hours, human judgment reserved for where it genuinely matters, and compliance costs falling as volume grows.

 

“As institutional adoption of digital assets accelerates, the demand for scalable compliance solutions has never been higher. Elliptic pioneered the use of blockchain analytics to meet this challenge and has cemented its status as a global leader, screening over 1 billion transactions a week for more than 700 customers in 30 countries,” said Charlotte Lawrence, Managing Director of Direct Equity at the British Business Bank.

 

This capability will also benefit stablecoin and tokenized asset companies that process billions of dollars in transactions. In 2025, about $33 trillion in transactions were processed by stablecoin companies. By leveraging its data intelligence infrastructure, Elliptic enables these companies to meet enterprise-grade compliance requirements in real time, an operational necessity for crypto exchanges that handle and move billions of dollars in crypto daily.

 

About Elliptic 

Elliptic is a London-based blockchain analytics firm that specializes in tools for financial crime risk management, anti-money laundering (AML), transaction monitoring, wallet screening, investigations, and threat intelligence across the global crypto ecosystem.

 

Elliptic currently serves over 700 clients across 30 countries, supports more than 65 blockchain networks, and screens about 1 billion blockchain transactions each week. It has partnered with leading industry players, most recently the layer 1 Solana and the Tempo blockchain networks.

 

 

Corpay, the leading corporate payments company, has partnered with stablecoin infrastructure company BVNK to provide stablecoin wallets and settlement capabilities to its global customer base.

 

The partnership, announced on Monday, will see the integration of stablecoin wallet capabilities into Corpay’s financial platform, enabling its customers to view stablecoin balances alongside their fiat balances, while also providing embedded stablecoin wallets for sending, receiving, storing, and converting stablecoins, all within the platform.

 

 

Corpay will also integrate stablecoin rails into its treasury operations, reducing reliance on pre-funded accounts when sending and receiving funds. This is expected to improve capital efficiency and enhance the way funds are moved globally. As a result, customers will no longer be limited to traditional banking hours, as the embedded stablecoin rails will allow them to process transactions even outside these hours.

 

“At our scale, the ability to move liquidity quickly and reliably is critical,” said Mark Frey, Group President, Corpay Cross Border Solutions. “Stablecoins introduce a 24/7 settlement capability that strengthens our existing infrastructure. BVNK provides the technology and compliance framework we need to deliver this securely and at scale.”

 

Jesse Hemson Struthers, CEO of BVNK, said in a statement that he believes stablecoins are reshaping the foundation of global payments, and that Corpay’s scale and reach make the two companies ideal partners in bringing these stablecoin capabilities into the mainstream.

 

What to Know About Corpay and BVNK

Corpay is a global S&P 500 corporate payments company that enables businesses and users to manage and pay expenses in a simple and controlled manner. In 2025, it recorded revenue of about $4.5 billion, a 14% year over year increase, and reported $1.26 billion in revenue last quarter. Corpay currently serves over 800,000 business clients globally.

 

BVNK, on the other hand, is an enterprise-grade stablecoin payment infrastructure company that enables businesses and corporates to send, receive, store, convert, and settle transactions using stablecoins. 

 

As one of the most notable stablecoin infrastructure companies, BVNK processed about $30 billion in annualized stablecoin payment volume last year and has been integrated into several major traditional finance platforms, including Visa, Mastercard, Worldpay, and Deel.

 

 

MoonPay is not slowing down. The crypto payments giant announced Monday the acquisition of Dawn Labs, an applied AI research startup focused on autonomous trading tools for digital asset markets. Alongside the deal, the company launched Dawn CLI, a product that lets users build and execute trading strategies using plain-English prompts. No coding background required.

 

The move pushes MoonPay deeper into what it calls the "agentic" layer of crypto, where AI systems can reason, plan, and now, apparently, trade on your behalf. It also adds another chapter to the company's broader infrastructure buildout, which has been accelerating through 2025 and into this year.

 

Plain English, Real Trades

Dawn Labs founder Neeraj Prasad, who now serves as Chief Engineer of MoonPay Labs, put it bluntly: until now, building a systematic trading strategy meant being a developer, a quantitative analyst, and a portfolio manager all at once. Dawn CLI collapses all of that into a single interface. You describe what you want, the system writes the code, and then it runs.

 

The platform is launching first on Polymarket, the decentralized prediction market that has seen explosive growth over the past two years, attracting traders betting on elections, sports results, economic data, and geopolitical events. Prediction markets have gone from a niche crypto experiment to a mainstream information layer, and tools to actually trade them systematically have lagged badly behind the demand. That's the gap MoonPay is targeting.

 

"We're starting with prediction markets because they are one of the fastest-growing sectors, and many traders in the space are underserved by existing tooling," Prasad said. Additional trading venues and asset types are on the roadmap for the coming months.

 

Infrastructure First Model

The Dawn Labs deal sits within a larger strategic context. Earlier this year, in February, MoonPay launched MoonPay Agents, a non-custodial software layer built on its developer-focused command-line interface that lets AI agents access crypto wallets, execute trades, perform cross-chain swaps, and off-ramp back to fiat, all autonomously. CEO and founder Ivan Soto-Wright described the thinking in stark terms: "AI agents can reason, but they cannot act economically without capital infrastructure. MoonPay is the bridge between AI and money."

 

The service works through a one-time KYC process, after which an agent can transact on behalf of the verified user within preset permissions. Wallets are non-custodial and stored on the user's device, not held by MoonPay. It also supports the x402 standard, a machine-to-machine payments protocol that has been gaining traction across the industry, with Stripe and Cloudflare both adding support in recent months.

 

A Broader Industry Shift

MoonPay is not alone in this push. Gemini launched its own agentic trading feature for AI agents back in April, and Coinbase, Stripe, and Amazon have each rolled out AI-compatible stablecoin payment rails in recent months. Solana and Google have made similar moves. The pattern is clear enough: major players across crypto and fintech are racing to build the financial plumbing that AI agents will need to operate as independent economic actors.

 

For MoonPay specifically, it sees this as a natural extension of what it already does. The company, founded in 2019, serves more than 500 enterprise clients and 30 million users globally. Its core business has always been connecting fiat payment systems to blockchains. Extending that to AI systems is, in some ways, the logical next step.

 

Prasad said the company does not view AI agents and human traders as separate customer bases. "We've been building MoonPay around four pillars: fund, tokenize, trade, and spend," he explained. "Our agentic products put that same stack in the hands of both humans and machines."

 

What Comes Next

Following the Agents launch in February, MoonPay unveiled a Ledger integration in March, allowing AI-initiated transactions to be signed on a hardware device, a notable security step for users wary of handing autonomous control to software alone. The Dawn CLI launch now adds an execution layer on top of that infrastructure, specifically aimed at traders who want strategy-building capabilities without the technical overhead.

 

Whether retail traders will warm to the idea of an AI agent placing bets on Polymarket on their behalf remains to be seen. But MoonPay is clearly positioning itself well ahead of that question. If the agentic economy arrives on the timeline its backers expect, the company wants to be the rails it runs on.

 

Leading startup accelerator Y Combinator will be holding the first-ever interview session in New York City, keenly focused on fintech builders developing projects around tokenization, stablecoins, prediction markets, and trading.

 

 

According to a YC spokesperson, the New York event will be the first of its kind, as it will focus on a specific sector, with accepted startups joining the Y Combinator Summer 2026 batch, which will begin on June 23 in San Francisco. Once a startup is accepted into the accelerator program, Y Coombinator will invest immediately in the company, even before the summer batch begins.

 

With New York becoming a major fintech hub in the U.S. and accounting for around 30% of all U.S. fintech investment in 2025, while also being home to roughly 1,500 crypto and fintech startups, Y Combinator is making this move to tap into this fast-growing sector and back more startups in the space.

 

Y Combinator Investing in Crypto

Through its funding, Y Combinator has helped support some of the most successful companies in the crypto space, with several reaching and surpassing unicorn status.

 

In 2012, Y Combinator invested about $150,000 into the crypto exchange Coinbase, acquiring an approximately 7% stake in the company. With support from Y Combinator and other early investors, Coinbase has grown into one of the largest crypto exchanges in the world, with a market cap of around $52 billion.

 

Y Combinator also invested early in the decentralized exchange Uniswap, contributing about $120,000 in 2018. Like Coinbase, Uniswap has grown into one of the largest decentralized exchanges, with a valuation of around $2 billion.

 

The startup accelerator has also invested in the prediction market sector, backing Kalshi at an early stage. With support from early investors, including Y Combinator, Kalshi has grown into one of the leading prediction market companies and recently raised $1 billion in a Series F round, reaching a valuation of $22 billion.

 

Other crypto companies that have benefited from Y Combinator’s support include the NFT marketplace OpenSea, blockchain intelligence company TRM Labs, and the Solana-based trading platform Axiom, with all of these companies surpassing the $1 billion valuation mark.

 

 

OpenTrade, an institutional-grade stablecoin yield platform used by fintechs and exchanges, has raised $17 million to scale its stablecoin yield infrastructure.

 

The capital was raised in a strategic funding round led by Mercury Fund and Notion Capital, with other investors including a16z Crypto, AlbionVC, and CMCC Global also participating in the round, bringing the total funds raised to more than $30 million.

 

 

As part of its expansion efforts, the new funding will be used to scale OpenTrade’s permissioned and permissionless blockchain infrastructure, as well as support the growth of its Curation+ investment services. The funding will also be used to expand OpenTrade’s engineering, asset management, and trading teams, while building a dedicated customer support team to serve its growing client base.

 

OpenTrade was initially designed to provide plug-and-play infrastructure that enables financial institutions, including fintechs, exchanges, and neobanks, to offer multicurrency dollar and euro-denominated stablecoin yield products without having to build their own investment, custody, or infrastructure systems.

 

However, as the stablecoin yield market expanded, companies began seeking additional capabilities. Asset issuers started looking for distribution channels through decentralized markets. Non-custodial wallets and platforms also began seeking ways to enable users to earn yield without directly handling funds, all without having to build stablecoin yield infrastructure or internal investment teams from scratch.

 

To meet this demand, OpenTrade expanded its infrastructure to include its permission protocol layer and Curation+ services. Curation+ is a suite of sophisticated vault curation services designed to create and manage complex investment strategies, removing the operational burden associated with yield generation.

 

This infrastructure, together with OpenTrade’s broader platform, is currently used by companies including Littio, Midas Kripto, and Glim to deliver stablecoin yield products without having to build infrastructure or investment teams from the ground up.

 

“As we grew, it became clear that our infrastructure could also serve non-custodial platforms, treasuries, and asset issuers that all need the same thing: a safe, scalable way to connect stablecoins to diversified yield strategies,” said David Sutter, OpenTrade’s CEO.

 

“This raise allows us to scale that infrastructure and support a much broader range of use cases without compromising on risk management or quality of execution.”

 

OpenTrade recently surpassed $200 million in total value locked, or TVL, after processing more than $250 million in transaction volume last year. The team expects this volume to reach $1 billion by the end of the year and has already processed more than $300 million in transaction volume this year.

 

 

Cryptocurrency exchange OKX has launched Agent Payments Protocol (APP), a new payment protocol that allows AI agents to perform commercial activities.

 

The new payment protocol, according to OKX, is an open standard that defines how AI agents communicate and negotiate, pay for services, and pay each other. It also, for the first time, allows AI agents to move beyond simple payments and into full-scale commerce.

 

 

“In the past few months, AI agents moved from answering questions to running workflows, managing business processes, and acting autonomously on behalf of users,” OKX wrote in a blog post. “The bottleneck shifted from intelligence to commerce - not just paying, but the full cycle of doing business: quoting, negotiating, escrowing funds, metering usage, settling, and resolving disputes.”

 

This existing problem among AI agents is what OKX aims to solve with its new Agent Payments Protocol (APP), allowing agents not only to manage single payment requests but also to manage payment requests across multiple levels.

 

Inside the Agent Payment Protocol

The agent payment protocol (APP) from OKX is an open standard designed to work across all chains, especially the Solana and Ethereum blockchains.

 

APP unlocks new capabilities for AI agents, making it possible for these agents to operate and communicate autonomously across the full commerce lifecycle, pay each other through agent-to-agent payments, and also allowing AI agents to perform upfront and top-up payments, including deductions.

 

At its implementation layer is the payment software development kit (SDK) that makes it possible for developers to accept and make agent payments with just a few lines of code. According to the blog announcement, the agent payment protocol supports a wide variety of payments, including one-time payments, batch payments, pay-as-you-go, and escrow payments, which OKX says is coming soon.

 

Embedded within the payment protocol is the OKX self-custodial agentic wallet, which supports over 20 blockchains. Since the wallet is secured by means of a Trusted Execution Environment (TEE), a hardware-based security environment, the wallet’s private keys and sensitive operations are kept highly secure.

 

Despite its early launch, the OKX agent payment protocol is currently supported by major cloud infrastructure firms, including Amazon Web Services (AWS) and Alibaba Cloud, as well as blockchain companies such as Uniswap, Paxos, MoonPay, Zerion, and Nansen.

 

With the launch of its payment protocol, OKX joins companies such as Coinbase, Stripe, and OpenAI, which have already launched their payment protocols, namely x402, Agentic Commerce Protocol (ACP), and Machine Payments Protocol (MPP), respectively.

 

 

KBank, South Korea’s first internet-only bank and the exclusive fiat partner of Upbit, South Korea’s largest crypto exchange, has partnered with Ripple to test its on-chain remittance system.

 

The partnership, according to a local news report, is aimed at leveraging Ripple’s global blockchain infrastructure and network to improve KBank’s international remittance systems, including the speed, cost, and transparency of its services through a proof-of-concept system.

 

 

The proof-of-concept system will test the possibility of KBank moving its cross border remittance system from traditional networks to a faster and cheaper blockchain based system. The process, which has already begun, will involve a two stage verification step.

 

In the first verification stage, which has already been completed, KBank and Ripple examined and verified a wallet app based remittance system. The second stage, which is currently ongoing, will test the stability of the on chain remittance system and will involve the virtual linking of customer accounts to KBank’s internal systems. These accounts will then be used to make on chain transfers to countries such as the United Arab Emirates and Thailand.

 

Although KBank developed its own digital wallet, which was used for the first verification stage, it will leverage Palisade, Ripple’s global SaaS based digital wallet, for the second stage of the proof of concept verification.

 

About KBank 

KBank is South Korea’s first internet only, fully digital bank that operates entirely online without physical branches. It gained prominence in the crypto industry when it became Upbit’s exclusive fiat partner. As a result, every trader who buys or sells crypto on Upbit must move their funds through KBank. In this role, KBank serves as an intermediary between traders and Upbit.

 

Because Upbit is South Korea’s largest cryptocurrency exchange, with a user base of over 13 million, its partnership with KBank had a ripple effect on KBank’s own user base, increasing it from 2 million in 2020 to 15 million by the end of 2025.

 

Apart from its partnership with Upbit, KBank has also been involved in several other crypto related partnerships. Earlier this year, it signed an agreement with UAE based digital asset firm Changer.ae and Korean blockchain company BPMG to build won to dirham stablecoin remittance rails. 

 

KBank has also gone public, completing its initial public offering (IPO) last month, and is now listed on the Korea Composite Stock Price Index, also known as KOSPI.

 

 

Global payments giant Visa has partnered with the decentralized onchain bank WeFi to enable crypto based payments while allowing users to maintain full custody of their digital assets.

 

The partnership will initially focus on exploring ways in which WeFi’s onchain banking infrastructure can be leveraged to scale stablecoin based payments in selected markets.

 

“As interest in digital assets grows, our focus is on making these new models practical at scale by connecting them to payment experiences people already trust,” Mathieu Altwegg, Visa’s Head of Product and Solutions in Europe, said. “This collaboration demonstrates how Visa’s global network interacts with onchain models.”

 

The partnership is significant as it represents a shift in custodial practices, where users often hand over their digital assets to cryptocurrency exchanges. Since WeFi offers self custody, users will be able to maintain full control of their assets while leveraging Visa’s global payment rails and using digital assets to make payments anywhere Visa is accepted.

 

The rollout will take place one region at a time, with Europe, Asia, and Latin America among the first beneficiaries, while expansion continues into additional markets depending on regulatory approvals and partnerships.

 

“People expect money to work seamlessly across borders without unnecessary complexity. We see this partnership as a way to work with Visa’s capabilities as we continue to develop WeFi’s debanking offering across key regions,” said Maksym Sakharov, WeFi co founder and CEO.

 

What is WeFi? 

WeFi is a blockchain based decentralized on chain bank (deobank) founded by Maksym Sakharov and Reeve Collins, a co founder of Tether.

 

Through its mobile first, simple interface, WeFi provides financial services to more than 1.4 billion unbanked people worldwide, allowing them to maintain full custody of their digital assets while facilitating crypto based payments and cross border transfers.

 

Since its launch last year, WeFi has grown significantly, serving more than 150,000 users across over 80 countries. To support crypto based payments, WeFi has partnered with industry players including LayerZero and has announced integrations with companies such as Binance and Visa.

 

 

Global financial services company Western Union has announced its plans to launch its long awaited U.S. Dollar Payment Token (USDPT) stablecoin next month.

 

The Solana based USDPT stablecoin, which is to be issued by crypto bank Anchorage Digital, is already in its final stages of preparation and is expected to launch, Devin McGranahan, Western Union CEO and President, revealed during the firm’s recent first quarter earnings call.

 

"It is no longer a question of if Western Union will be active in digital assets; it is now how fast we can scale," McGranahan said during the call with investors and financial analysts.

 

McGranahan also revealed in a Q&A session that the USDPT stablecoin will not be launched as a consumer product, but will instead initially be used internally as an alternative to the SWIFT network. With the USDPT stablecoin, Western Union aims to facilitate fast transaction settlements in real time with its agents around the world.

 

Other Services to Be Launched Alongside USDPT

Alongside the USDPT stablecoin, Western Union will be launching two additional services and products: its USD stablecard and the Digital Asset Network, or DAN, which allows digital assets, including USDPT and crypto wallets, to connect with Western Union’s existing infrastructure.

 

By means of a single connection to Western Union’s API, DAN provides off ramp services to users, enabling them to convert stablecoins held in crypto wallets into local currencies.

 

"Through DAN, millions of wallet users will be able to move from digital assets into local currency using Western Union's retail network, with an experience that is simple for customers and familiar for our agents," McGranahan said, while also stating that the first partner of the network will be revealed next week. DAN will be made available in over 360,000 locations across more than 200 countries and territories.

 

To allow users to hold value in stablecoins, including USDPT, Western Union will also be launching its USD stablecard, a consumer based card developed by crypto wallet provider Rain and Visa.

 

The stablecard, according to McGranahan, will be especially compelling in inflation sensitive markets where customers want dollar denominated value, and it will be launched across dozens of markets worldwide. With the card, users living in areas hit by high inflation will be able to hold USD based stablecoins and spend them globally.