Western Union Announces the Launch of USDPT Stablecoin on Solana Blockchain

Global remittance company Western Union has officially announced its latest strategic initiative  the launch of a new stablecoin called USDPT (U.S. Dollar Payment Token).
This digital asset will be built on the Solana blockchain and issued by Anchorage Digital Bank, a federally regulated crypto financial institution in the United States.

Leveraging Solana’s Speed and Cost Efficiency

The USDPT stablecoin is being developed to leverage Solana’s high transaction throughput and significantly lower costs compared to other blockchain networks.
Its launch is scheduled for the first half of 2026 and will be made available through Western Union’s partner exchanges. Once live, users will be able to send, receive, store, and spend USDPT directly within the network.

Introducing the Digital Asset Network

In addition to launching the token, Western Union is introducing the Digital Asset Network, an infrastructure designed to connect digital wallets, Western Union agents, and physical retail locations. This network aims to simplify the on-ramp and off-ramp processes for digital assets, expanding global access to blockchain-based financial services.

A Step Toward Faster and More Inclusive Financial Services

In its official statement, Western Union emphasized that the launch of USDPT represents part of its broader effort to deliver faster, more affordable, and inclusive financial services across more than 200 countries and territories where it operates. Traditional remittance systems still rely heavily on slow and costly correspondent banking networks. With the use of a stablecoin, cross-border transfers could be completed within minutes at a fraction of the current cost.

This initiative also reflects regulatory progress in the United States. The enactment of the GENIUS Act has provided greater legal clarity for stablecoin issuance, enabling traditional financial institutions like Western Union to deepen their participation in the digital asset ecosystem.