Western Union picks Solana for its stablecoin and crypto network
Western Union selected the Solana blockchain for its Digital Asset Network and USDPT stablecoin, expected to launch in the first half of 2026.Summary
Financial services company Western Union announced that its forthcoming stablecoin settlement system will utilize the Solana blockchain. This system will feature the US Dollar Payment Token (USDPT) and a Digital Asset Network, developed in partnership with Anchorage Digital Bank. Western Union anticipates the USDPT launch in the first half of 2026, offering customer access via partner exchanges for broader accessibility. The Digital Asset Network is intended to act as a cash off-ramp for Western Union's over 150 million global customers. CEO Devin McGranahan stated that after evaluating alternatives, Solana was deemed the "right choice" for building an institutional-ready stablecoin platform. This move follows increased regulatory clarity in the US, specifically the signing of the stablecoin-focused GENIUS Act, which influenced Western Union's previous hesitation regarding crypto adoption due to volatility and uncertainty.
(Source：Cointelegraph)