Western Union Launches USDPT Stablecoin On Solana

Western Union has launched USDPT, a new US dollar backed stablecoin issued by Anchorage Digital on the Solana blockchain.

The 175-year-old money transfer company said the coin will connect with its existing payment systems, giving Western Union a regulated digital dollar for settlement, partners, agents, and possible future customer use.

Good to Know

• USDPT runs on Solana and is fully backed by US dollars.
• Anchorage Digital issues the stablecoin.
• Western Union handles cross-border transfers in more than 200 countries.

A Digital Dollar For Global Payments

Western Union already supports payments across more than 130 currencies. USDPT gives the company a blockchain-based settlement layer without replacing the global payout network it has built over many decades.

President and CEO Devin McGranahan said:

“USDPT reinforces Western Union’s role as a global payments platform. By integrating a regulated digital dollar directly into our network, we’re creating a more efficient settlement layer that supports partners, agents and future consumer use cases — all while preserving the trust and scale that define our brand.”

The company also plans to build a digital asset network that links crypto exchanges and custodians with its payout and liquidity infrastructure.

For everyday users, a stablecoin is a crypto token designed to hold a steady value, usually 1 coin to $1. In Western Union’s case, USDPT gives the company a way to use blockchain rails while keeping the price tied to the US dollar.