Western Union Rolls Out USDPT Stablecoin on Solana Network

Western Union has launched USDPT, a US dollar–backed stablecoin built on the Solana blockchain, with issuance handled by Anchorage Digital Bank, a federally regulated crypto bank.

The company says the token is designed to enable real-time payments and simplify global settlement, reducing both costs and delays across its remittance network. It also expects 24/7 settlement capabilities to improve cash flow and liquidity management.

CEO Devin McGranahan described USDPT as a step toward strengthening Western Union’s role as a global payments platform by integrating regulated digital dollars into its core infrastructure.

Beyond remittances, the company is also exploring broader applications, including support for crypto exchanges, digital asset services, and improved agent-to-agent settlement processes.