Western Union plans to issue its dollar-pegged stablecoin, USDPT, in H1 2026, alongside launching a new infrastructure platform designed to simplify exchange operations and international money transfers.
Global money transfer giant Western Union announced the upcoming release of its own stablecoin, U.S. Dollar Payment Token (USDPT), and the creation of the Digital Asset Network, a platform that will bridge traditional and digital financial systems. The new token will be issued on the Solana blockchain in collaboration with Anchorage Digital Bank.
USDPT will serve as a tool for instant and secure transfers, available to both Western Union customers and partners worldwide. The stablecoin will be backed by the U.S. dollar and intended for storing, sending, receiving, and using in real financial transactions. The project aims to make financial services more accessible to millions of users.
According to the press release, the choice of Solana was driven by its high transaction speed and low costs, while the partnership with Anchorage Digital Bank ensures regulatory compliance and asset security. Users will be able to access USDPT through partner cryptocurrency exchanges.
Western Union President and CEO Devin McGranahan noted that the launch of USDPT will allow the company to become part of the growing stablecoin economy, while the Digital Asset Network will enable easy exchange of digital assets for cash through integration with digital wallets and exchanges.
The company expects that launching USDPT and the Digital Asset Network will revolutionize the global remittance industry, linking the U.S. dollar to users’ local spending worldwide. Western Union believes the new system will make cross-border money transfers cheaper, more transparent, and more trustworthy, effectively merging the worlds of traditional and digital finance.
In July 2025, Western Union announced a strategic expansion in the use of stablecoins to optimize international money transfers. Earlier, the company also participated in testing the U.S. retail central bank digital currency (rCBDC) for remittances to the Philippines.
