Western Union’s “WUUSD” trademark hints at possible cryptocurrency services

PANews reported on October 31 that according to Cointelegraph, according to the “WUUSD” trademark application submitted by Western Union to the U.S. Patent and Trademark Office on Wednesday, the WUUSD trademark can be used in multiple fields such as cryptocurrency wallets, cryptocurrency transactions, and stablecoin payment processing. The trademark covers a range of stablecoin-related services, and the application has been accepted but no examiner has been assigned. It is unclear what the difference is between WUUSD and its planned stablecoin USDPT, as Western Union also submitted the exact same trademark application for USDPT in early October.

The application documents show that WUUSD can be used for stablecoin exchange, trading and payment processing, and also hints that it will provide a wider range of cryptocurrency services, such as software for managing and verifying transactions, "consuming and trading cryptocurrencies," as well as cryptocurrency exchanges, trading, payment processing and financial brokerage services. In addition, the document mentions cryptocurrency lending services, that is, "carrying out securities and derivatives transactions," which may be significantly different from Western Union's traditional business.

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