Western Union says USDPT stablecoin could free idle payment-network capital

Western Union discussed the business rationale behind its USDPT stablecoin, saying stablecoins could reduce the idle capital it must keep in bank accounts while billions move through its payment network. The company's head of digital, Malcolm Clark, spoke to BeInCrypto at Merge Madrid. The comments are strategic rather than a product or regulatory announcement, so they carry limited near-term price impact but signal continued corporate interest in stablecoin settlement.