Western Union is expanding its digital presence with the announcement of a new stablecoin named USDPT, set to debut in 2026. According to the company’s press release on Tuesday, the token will be launched on the Solana blockchain and supported by a new Digital Asset Network designed to enhance cross-border transactions.
The company confirmed that Anchorage Digital Bank will issue USDPT, while partner exchanges will facilitate trading and liquidity. Western Union stated that the stablecoin will allow users to send, receive, spend, and hold digital assets through an integrated platform backed by its global compliance and risk systems.
SOLANA WATCH: Western Union will launch a USD-backed stablecoin $USDPT on Solana in 2026, in partnership with Anchorage Digital Bank.
The move bridges global remittances with on-chain finance — bringing 150+ years of money transfer innovation to Web3.
October 29, 2025
Digital Growth and Strategic Shift Toward Blockchain
During the firm’s recent third-quarter earnings call, CEO Devin McGranahan revealed that digital wallets and account-based payouts now account for more than half of Western Union’s digital transactions. He also hinted at ongoing development of digital asset-enabled solutions, underscoring the company’s shift toward blockchain-powered payments.
Furthermore, McGranahan mentioned that the decision to explore stablecoin technology was influenced by the growing importance of regulatory clarity, particularly following the introduction of the GENIUS Act. He said the company had been assessing digital asset integrations for several months to improve remittance efficiency and lower transfer costs.
The introduction of USDPT highlights Western Union’s continued experimentation in the blockchain space. The firm previously partnered with Ripple in 2018 to test blockchain-based cross-border payments, an experience that paved the way for broader innovation in its digital strategy.
Building a Digital Asset Network for Global Payments
Western Union’s new Digital Asset Network aims to merge traditional payment rails with blockchain technology, allowing users seamless access to digital currencies within its ecosystem. The company believes this approach will make remittances faster and more transparent, strengthening its position in the evolving digital payments landscape.
With USDPT on Solana, Western Union joins a growing list of financial institutions integrating blockchain to modernize global money transfers. The initiative not only expands the firm’s digital offering but also reinforces its commitment to providing accessible, efficient, and regulated financial services worldwide.