Malcolm Clarke, VP of Digital Assets at Western Union, joined me to discuss why Western Union is building its own stablecoin, USDPT, on the Solana blockchain.
Get to know Malcolm:
- Metaverse – Quiet by Design
- Favorite food – Hamburger
- Favorite movie – The Stone Roses
- Favorite musician/artist – Lock, Stock and Two Smoking Barrels
- Favorite book – 11/22/63 by Stephen King
- Hobby – Playing Padel and spending time with Family
Topics:
- Building a stablecoin on Solana – U.S. Dollar Payment Token (USDPT)
- Banks and payment companies using stablecoins
- Stablecoins impact on capital allocation and liquidity
- Future of payments
- Tokenization market
Links:
Watch the interview
Listen to the interview
Timestamps
02:25 Malcolm’s background
04:03 Discovering Crypto
06:28 Permissioned & Public blockchains
15:09 Why build on Solana
18:13 USDPT Stablecoin integration
22:03 How USDPT will be used
26:52 Genius Act compliance
28:56 Stablecoins in payments
31:16 Wallet usage
34:44 Stablecoins free up capital
38:30 Tokenization market
43:51 Roadmap
46:14 Wrap up questions
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