Western Union Enters Stablecoin Race With USDPT Launch On Solana
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130 million people in Bolivia and the Philippines now have access to Western Union’s new digital dollar, USDPT — a USD-backed stablecoin that runs on the Solana blockchain.
A big name makes its debut in Blockchain technology
Western Union, which moves money for more than 150 million customers across more than 190 countries, has made its first step into blockchain-based payments.
The company launched USDPT on Monday, marking a major shift for one of the world’s oldest and largest money transfer networks. Plans are already in place to roll out the stablecoin in more than 40 countries before the end of 2026.
The infrastructure behind USDPT involves major players in the cryptocurrency space. Anchorage Digital, the first federally regulated cryptocurrency bank in the United States, is issuing the stablecoin.
We are excited to announce the launch of USDPT, the USD-backed stablecoin issued by Western Union @Morsi And built on @Solana — Bringing blockchain settlement to our regulated global payments network. He follows @USDPT_ For updates. Learn more: https://t.co/t6h28rhbaz pic.twitter.com/aX6WNJIEoz
- Western Union (@WesternUnion) May 4, 2026
Wallet and settlement operations are handled by Fireblocks, a cryptocurrency infrastructure company. Western Union said it also plans to make USDPT available on licensed cryptocurrency exchanges and connect it to its broader payments and liquidity network.
Remittance giants eye blockchain bars
Western Union is not alone in this push. MoneyGram began offering USDC stablecoin services in Colombia in September. Zelle announced plans to conduct cross-border transfers based on stablecoins in October.
The flurry of activity among remittance companies follows the passage in July of the GENIUS Act, a piece of US legislation widely seen as favorable to the development of stablecoins.
Western Union said the launch reflects a broader shift in how global payments move,
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