Western Union Launches USDPT Dollar Stablecoin on Solana Blockchain

Western Union announced on Oct 28, 2025, its plan to launch USDPT, a U.S. dollar payment stablecoin built on the Solana blockchain and issued by Anchorage Digital Bank. The company also unveiled a Digital Asset Network designed to bridge digital and fiat currencies, giving crypto wallet users access to cash off-ramps through Western Union's global footprint. Users will be able to send, receive, spend, and hold USDPT, with access provided through partner exchanges.

Western Union expects USDPT to be available in the first half of 2026. The company cited Solana's high-performance infrastructure and Anchorage Digital's federally regulated issuance platform as reasons for choosing those partners. CEO Devin McGranahan said USDPT will allow Western Union to "own the economics linked to stablecoins." The Digital Asset Network will connect wallet providers to cash off-ramps across Western Union's agent locations worldwide.