More than 150 years after launching its money transfer service, Western Union is set to introduce its own stablecoin. Scheduled for release in the first half of 2026, the US Dollar Payment Token (USDPT) will be built on the Solana blockchain and issued by Anchorage Digital Bank.
This new offering will allow users to send, receive, spend, and hold USDPT, providing access to digital assets. In addition, Western Union is launching a Digital Asset Network aimed at bridging the gap between digital and fiat currencies, enhancing the real-world utility of digital assets.
Devin McGranahan, CEO of Western Union, stated, “As we evolve into the digital assets space, Western Union’s USDPT will enable us to control the economics associated with stablecoins. We are also thrilled to unveil our Digital Asset Network, which will serve as a solution for the last mile of the crypto journey, partnering with wallets and providers to facilitate seamless access to cash off-ramps for digital assets, leveraging our extensive global network.”