Western Union plans stablecoin launch on Solana for early 2026
Western Union announced plans to launch a stablecoin named USDPT on the Solana blockchain in early 2026.Summary
Western Union is planning to launch a stablecoin called USDPT on the Solana network in early 2026, alongside an "innovative Digital Asset Network." This announcement followed the company's third-quarter results, which showed that digital wallets and account-based payouts now constitute over 50% of its digital transactions. CEO Devin McGranahan indicated the company was exploring digital asset-enabled solutions. The USDPT token will be issued by Anchorage Digital Bank, and Western Union intends to offer users seamless capabilities to send, receive, spend, and hold the stablecoin, leveraging its global compliance infrastructure. Western Union has a history of blockchain engagement, including past experimental work with Ripple for cross-border transfers.
(Source：The Block)