Western Union to Launch Solana Stablecoin USDPT

Western Union will launch a dollar-backed stablecoin called USDPT on the Solana blockchain, issued by Anchorage Digital, and plans to roll out a Digital Asset Network in the first half of 2026. The network will enable customers to send, hold, redeem and cash out USDPT via partner exchanges and Western Union’s retail agent network. Western Union says USDPT will let it “own the economics linked to stablecoins,” and that every USDPT transaction will require SOL for gas, leveraging Solana’s low fees and throughput to make small remittances economically viable. Separately, the company is piloting stablecoin settlement rails in its treasury to reduce reliance on correspondent banking, shorten settlement windows, improve capital efficiency and increase transparency. The company tied the initiatives to clearer U.S. stablecoin rules and said the moves position it to compete with other remittance firms adopting stablecoins.