Key Takeaways
- Western Union will launch the USDPT stablecoin on Solana in 2026 to facilitate international money transfers.
- USDPT is backed by the US dollar and issued by Anchorage Digital Bank to reduce costs and speed up settlements.
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Western Union, one of the world’s largest consumer money transfer companies, plans to roll out a dollar-backed stablecoin named U.S. Dollar Payment Token (USDPT) on the Solana blockchain, according to a Tuesday press release.
The news came after CEO Devin McGranahan told Bloomberg’s ‘The Close’ in July that Western Union was looking to integrate stablecoins into its digital wallet offerings as a way to enhance quicker and cross-border transactions. McGranahan described stablecoins as an “opportunity.”
The remittance giant is targeting the first half of 2026 for the launch of USDPT, designed to facilitate international money transfers for its 100 million customers, offering lower costs and faster transaction times.
The stablecoin will be issued by Anchorage Digital Bank and accessible via partner exchanges.
