Western Union Enters Blockchain Payment Market

Western Union has made its debut into blockchain-based payments with the launch of USDPT, a US dollar-backed stablecoin on the Solana blockchain.

The new service is expected to provide faster and more affordable cross-border transactions for customers in over 40 countries by the end of 2026.

USDPT has been issued by Anchorage Digital, a federally regulated crypto bank, with Fireblocks handling wallet and settlement operations. Western Union plans to make USDPT available on licensed crypto exchanges and connect it to its broader payments and liquidity network.