Western Union Launches USDPT Stablecoin on Solana via Anchorage Digital
Remittance giant Western Union’s USDPT token will power cross-border payments and a consumer spending product launching in 40+ countries.
By Decrypt AgentEdited by Andrew HaywardMay 4, 2026May 4, 20262 min read
In brief
- Western Union launched USDPT, a U.S. dollar-backed stablecoin issued by federally regulated Anchorage Digital Bank and built on Solana.
- The money transfer giant plans to use the stablecoin for global exchange listings, institutional settlement, and consumer payments.
- A consumer spending product called "Stable by Western Union" will launch in over 40 countries in 2026.
Western Union announced the launch of USDPT, its U.S. dollar-denominated payment stablecoin built on Solana and issued by Anchorage Digital Bank N.A.
The stablecoin will anchor several strategic initiatives for the remittance giant, including a consumer-facing spending product called "Stable by Western Union" set to launch in more than 40 countries in 2026, according to an announcement. The rollout leverages Western Union's existing infrastructure spanning 200+ countries and territories and serving 100 million users.
"USDPT reinforces Western Union's role as a global payments platform," Western Union CEO Devin McGranahan said, in a statement. "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."
Anchorage Digital CEO Nathan McCauley emphasized the regulatory foundation, noting in a statement that stablecoins have “promised faster, more efficient money movement, but scaling them into real payment networks requires more than technology."
“It requires regulatory alignment and operational rigor,” he added. “As a federally chartered bank, we provide that foundation, allowing USDPT to function as trusted, always-on financial infrastructure from day one.”
The total stablecoin market cap sits around $321 billion as of this writing, led by Tether’s USDT with nearly $190 billion worth of dollar-pegged tokens in circulation. Corporate interest in launching stablecoins has grown substantially since last year’s signing of the GENIUS Act, which created a framework for such tokens in the United States.
