Western Union Introduces USDPT Stablecoin on Solana
Western Union, one of many world’s largest shopper remittance corporations, will introduce a dollar-backed stablecoin in early 2026. This transfer marks one of the vital aggressive blockchain shifts undertaken by a legacy remittance enterprise.
The initiative arrives as fee suppliers race to combine stablecoins into current rails. Visa, Stripe, and PayPal already help USDC or PYUSD throughout a number of blockchains, however Western Union is constructing a branded asset and a devoted conversion community.
USDPT on Solana With Anchorage Digital Bank
According to the press release, the stablecoin, USDPT, will run on Solana and be issued by Anchorage Digital Bank, a federally regulated crypto custodian. Western Union says customers can ship, obtain, maintain, and redeem USDPT by way of companion exchanges and its upcoming Digital Asset Network.
“We are making digital property usable for on a regular basis remittance prospects,” mentioned CEO Devin McGranahan. He mentioned the token will profit from Western Union’s compliance stack and international payout infrastructure.
Solana’s low charges and high throughput influenced Western Union’s technical alternative. The community settles transactions in seconds and helps sub-cent transfers, making small remittances economically viable. That efficiency is central to Western Union’s technique, as a result of high charges and gradual settlement stay the business’s most vital ache factors.
The digital asset community will enable customers to transform USDPT or different supported tokens into native forex. More than 600,000 Western Union brokers will take part, overlaying over 200 nations and territories. Customers can ship tokens from a pockets and acquire money at a retail location, without having a checking account.
600,000 Cash Pick-Up Locations
Other fee corporations are additionally increasing crypto-to-cash providers. MoneyGram has pursued an identical path. In 2025, the corporate launched a next-generation cell app in Colombia that makes use of USDC on the Stellar community. It permits customers to obtain stablecoin funds and money them out by way of MoneyGram’s retail companions. PayPal launched PYUSD in 2023 and expanded off-ramp protection by way of licensed companions within the United States and Europe.
Analysts say Western Union’s mannequin may shift stablecoins towards mass-market utilization. In rising markets, money stays dominant, so a crypto off-ramp with bodily places may present a sensible bridge for unbanked customers. Industry researchers word that Western Union’s presence in rural areas and secondary cities might supply a bonus over digital-only rivals.
The firm will seize income from issuance, change spreads, transaction charges, and agent commissions. Visa and Stripe, against this, present impartial infrastructure and don’t concern tokens or earn float on reserves. Western Union expects pilot entry to start within the first half of 2026.
The technique additionally carries danger. Customers should be taught to make use of wallets, perceive stablecoins, and belief a brand new product. Western Union should additionally meet laws that differ throughout markets, together with Europe’s MiCA regime and restrictions in Asia.
The firm’s inventory rose 6.5% on the announcement day, reflecting investor optimism about new digital income streams. However, shares stay down roughly 10.4% year-to-date, underscoring the corporate’s longer-term progress challenges.
Solana (SOL) traded at about $194, down roughly 1.9% from the day prior to this. The transfer aligned with broader market volatility throughout main cryptocurrencies, together with Bitcoin and Ethereum.
The publish Western Union Introduces USDPT Stablecoin on Solana appeared first on BeInCrypto.
