Western Union Announces USDPT Stablecoin Launch on Solana by 2026

Western Union Enters Stablecoin Market

Western Union plans to launch the US Dollar Payment Token (USDPT), a stablecoin on the Solana blockchain.
USDPT will be issued by Anchorage Digital Bank, aiming to enhance money transfer options and strengthen Western Union's treasury capabilities.
The initiative includes a Digital Asset Network to integrate digital and fiat currencies, supported by Western Union's compliance framework.
CEO Devin McGranahan emphasized the strategic shift towards digital assets to improve economics linked with stablecoins.
Partnerships with wallets and providers aim to simplify cash off-ramps for digital assets globally via Western Union’s network.
USDPT is expected to launch in the first half of 2026 through partner exchanges.

Stablecoin Pilot Program

Western Union initiated a pilot program using stablecoins to reduce reliance on traditional banking systems, enhancing efficiency and settlement times.
Historically cautious due to volatility and regulatory concerns, Western Union sees new opportunities post-GENIUS Act enactment.
Western Union has a market cap over $2.9 billion and generated over $1 billion in adjusted revenue in Q3.

Western Union

Despite the news, Solana's price remains steady, attempting to hold the $200 support level.