Western Union to launch USDPT stablecoin on Solana in early 2026 with issuance by Anchorage Digital Bank and global rollout planned.
Western Union has announced plans to launch a U.S. dollar-backed stablecoin called USDPT on the Solana blockchain by early 2026.
The new digital asset will be issued by Anchorage Digital Bank, the only federally chartered crypto bank in the U.S. The move marks a shift in Western Union’s long-term strategy toward blockchain-enabled payments and digital asset integration.
USDPT Will Run on Solana with Anchorage as Issuer
The new token, U.S. Dollar Payment Token (USDPT), will operate on the Solana blockchain and offer users access to fast and low-cost transfers. Western Union stated in a press release that users will be able to send, receive, spend, and hold USDPT using its platform.
Anchorage Digital Bank will issue the token, and it is expected to be available through select partner exchanges. Solana’s infrastructure was chosen for its high-speed capabilities and low transaction fees. This could lower settlement times for Western Union’s global money transfer operations.
Digital Asset Push Follows Growing Wallet Adoption
On Monday, Western Union reported a surge in digital wallet adoption during its Q3 earnings call. CEO Devin McGranahan noted that digital wallets and account-based payouts now make up over half of the firm’s digital transactions.
McGranahan added that Western Union has been exploring digital asset-enabled solutions, partially inspired by the recent GENIUS Act. The new stablecoin project was mentioned as part of a broader shift toward modern payment infrastructure and blockchain-based services.
Solana’s role in enterprise adoption continues to expand, especially after the recent approval of staking ETFs linked to the network. According to Bitget’s Chief Analyst Ryan Lee, institutional interest in Solana is rising, with ETFs expected to draw billions in capital.
This institutional momentum has supported the blockchain’s growing appeal among major financial players. The launch of Bitwise’s BSOL ETF, which recorded $33 million in volume on its debut, has also added to Solana’s credibility in the digital asset market.
Western Union Continues Blockchain Exploration
Western Union has previously explored blockchain use cases, including past pilots with Ripple for cross-border remittances. During a July interview with Bloomberg, McGranahan said the company was evaluating stablecoin use for remittance products.
Now, the company plans to roll out a Digital Asset Network alongside USDPT. This platform will integrate compliance and risk management while enabling real-time transfers.
Western Union’s 100 million customers may gain access to this new payment option in early 2026.
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