Western Union goes one step further in its strategic initiative to modernize international money transfers by leveraging stablecoin potential with the launch of its USDPT stablecoin on Solana network.
Western Union takes another decisive step in reimagining global money movement, unveiling its U.S. Dollar Payment Token (USDPT) and a new Digital Asset Network built on Solana and issued through Anchorage Digital Bank. Designed to connect the digital and fiat worlds, the initiative marks a major milestone in Western Union’s journey toward integrating blockchain technology into everyday financial services.
By combining Western Union’s vast global reach, Solana’s high-performance blockchain, and Anchorage Digital’s regulated stablecoin infrastructure, the company plans to make sending, receiving, spending, and holding USDPT seamless for customers, agents, and partners alike. The move also strengthens Western Union’s treasury capabilities while reinforcing its long-standing commitment to compliance and trust.
“We are committed to leveraging emerging technologies to empower our customers and communities. As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins. Separately, we are excited to announce our Digital Asset Network, a solution for the last mile of the crypto journey by partnering with wallets and wallet providers to provide customers with seamless access to cash off-ramps for digital assets by leveraging our global network. Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”
Devin McGranahan, President and CEO of Western Union
Western Union expects USDPT to launch in the first half of 2026, accessible through partner exchanges to ensure broad availability. The initiative underscores the company’s vision to modernize financial infrastructure in a secure, regulated, and globally inclusive way, ultimately reducing cross-border costs, enhancing transparency, and driving the next generation of digital money movement.
The remittance provider has been previously sceptical about the use of cryptocurrencies. However, with the enactment of crypto-favourable legislations in the U.S., its scepticism changed to cautious interest, finally evolving to embracing the potential of digital assets. However, Western Union still remains on the safe side, dealing with perceivably stable crypto assets pegged to fiat rather than volatile altcoins.
Western Union sees stablecoins as a way to give customers greater control over their finances, especially in regions facing high inflation, where holding digital assets pegged to the U.S. dollar can help preserve value and financial stability. These regions are typically exactly the emerging economies highly dependent on remittance flows. In its earlier announcements, the company representatives specifically mentioned Latin America, Southeast Asia and Africa, as high-demand corridors where near-instant settlements with stablecoins can be game-changers, bypassing the delays and costs of traditional banking systems.
