Western Union Introduces Stablecoin on Solana Platform

Western Union launches stablecoin USDPT on Solana, issued by Anchorage Digital.

Western Union has launched its own stablecoin, USDPT, on the Solana blockchain. The coin is issued by the crypto bank Anchorage Digital.

The token reserves are held in US dollars. Integration with Solana will enable the company to speed up settlements and eliminate traditional interbank systems with their delays.

Western Union CEO Devin McGranahan stated that the implementation of a regulated digital dollar will create an efficient layer for settlements between partners and agents.

In 2026, the company plans to launch the Stable by Western Union service, allowing clients in 40 countries to spend stablecoins directly. USDPT will also be listed on licensed cryptocurrency exchanges.

The blockchain will enable Western Union to conduct instant settlements with agents 24/7. This will help the company manage liquidity more dynamically and reduce idle account balances.

Back in October 2025, Western Union announced the launch of a pilot project for stablecoin settlements.