Western Union said it will launch a dollar-backed stablecoin and build a new crypto payment network on Solana, a move that could reshape how the company moves money across borders.
According to company filings and press releases, the token will be called USDPT and is scheduled for the first half of 2026. Anchorage Digital Bank will issue the token, reports show.
Western Union Taps Solana And Anchorage Digital Bank
Based on reports, Western Union plans a “Digital Asset Network” that will let users send, receive, hold and spend USDPT through its global agent network.
The company serves more than 100 million users across 200+ countries and territories. Some sources place the user base at 150 million, which helps explain why Western Union picked a blockchain built for high throughput.
Solana was chosen for low transaction costs and the ability to handle many operations per second.
Technical partners are already named. Anchorage Digital Bank, which has US federal oversight, will custody and issue USDPT.
.@WesternUnion USDPT and the Digital Asset Network, built on Solana.
Changing how the world’s money moves.https://t.co/FVobqBOUPA pic.twitter.com/RlHvOC3E6Z
— Solana (@solana) Octobe
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Author: Christian Encila
