Western Union ( announced on 10/28 that it will issue the USDP stablecoin on Solana, while building the Digital Asset Network ), which is expected to officially launch in the first half of 2026.
Launch of the USDPT stablecoin and digital asset network
Western Union officially announced the launch of its own USD stablecoin, USDPT, and a digital asset network. The company stated that the goal of these two initiatives is to “bridge the digital world and real fiat currency” to enable digital assets to be more widely used in everyday life.
The stablecoin USDPT will be pegged to the US dollar at a 1:1 ratio and issued by the digital asset bank Anchorage Digital. The overall structure will be built on the Solana blockchain, leveraging its high speed and low transaction fees to support Western Union's global payment and settlement network.
Western Union CEO: Mastering the Stablecoin Economy
Devin McGranahan, the CEO of Western Union, stated that the company is actively adopting new technologies to enable global users to access financial services more conveniently. He pointed out:
“As we enter the digital asset space, USDPT allows us to directly participate and grasp the economic benefits related to stablecoins.”
McGranahan also specifically mentioned that besides the stablecoin itself, the company is simultaneously launching a digital asset network that will integrate through various wallets and partners, allowing users to convert their digital assets into cash and utilize their own global locations to provide offline services.
Combining Solana, Anchorage, and global compliance frameworks
Western Union pointed out that the reason for choosing to issue USDPT on Solana is due to its high processing efficiency and low-cost characteristics, which can meet the immediacy and stability required for global remittances.
In addition, Anchorage Digital is the first digital asset bank in the United States to receive federal regulatory approval, qualified for stablecoin issuance and institutional-grade asset custody. The cooperation between both parties is seen as an important practice that combines the “security of traditional finance” with the “efficiency of blockchain.”
Western Union also emphasizes that the new digital asset network will incorporate global compliance and risk control capabilities to ensure that all transactions comply with regulatory requirements, allowing users to receive, pay, store, and spend USDPT in a secure environment.
Expected to be launched in the first half of 2026, available for multi-platform use.
According to the official plan, USDPT will be officially launched in the first half of 2026. By then, Western Union will open user access through partner exchanges and wallet partners, allowing users to more easily buy, transfer, and use USDPT.
The company stated that this will make USDPT a “dollar asset that can be circulated internationally,” which can be used not only for digital transfers but also in daily consumption and cross-border payment scenarios. Following this news, the stock price of Western Union rose by over 6%.
This article states that Western Union will issue the stablecoin USDPT on Solana, expected to go live in the first half of 2026, first reported by Chain News ABMedia.
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