Western Union plans to launch its own stablecoin on Solana as part of a broader effort to modernise cross-border transfers and expand access to digital assets.
The U.S. Dollar Payment Token (USDPT), issued by Anchorage Digital Bank, will be supported by a new Digital Asset Network bridging digital and fiat systems.
The initiative aims to give customers, agents, and partners new ways to send, receive, spend, and hold funds while strengthening Western Union’s treasury operations.
Built on Solana, USDPT will leverage Anchorage Digital’s regulated issuance and custody services. Western Union said the effort combines its global reach with compliant, low-cost cross-border movement.
USDPT is expected to be available in the first half of 2026 through partner exchanges.
Western Union said the project reflects a shared vision with Solana and Anchorage Digital to modernise financial infrastructure with institutional-grade security and compliance.
Reliability and trust, it added, remain central to the customer experience.
While digital commerce has expanded globally, access to cash remains localised.
Western Union said USDPT and the Digital Asset Network could bridge that gap by linking global currencies to local spending needs and enabling compliant, cost-efficient payments with greater certainty and trust.
“As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins. Separately, we are excited to announce our Digital Asset Network, a solution for the last mile of the crypto journey by partnering with wallets and wallet providers to provide customers with seamless access to cash off-ramps for digital assets by leveraging our global network. Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”
said Devin McGranahan, President and CEO of Western Union.
Featured image: Edited by Fintech News Singapore, based on image by wirestock via Freepik
