Western Union Launches USDPT Stablecoin on Solana Blockchain

Western Union has taken a significant step into the world of blockchain-enabled payment solutions with the introduction of USDPT, a dollar-backed stablecoin operating on the Solana blockchain. The company has partnered with Anchorage Digital Bank to issue the stablecoin, which is initially available in Bolivia and the Philippines, where it will impact approximately 130 million individuals.

The expansion strategy targets more than 40 countries throughout 2026, with plans to list USDPT on authorized cryptocurrency trading platforms. This integration will link these exchanges to Western Union's extensive payment processing and liquidity networks.

The introduction of USDPT marks a major movement into blockchain-based settlement operations at enterprise scale for Western Union. The company has outlined ambitious expansion objectives, reflecting a broader industry trend among remittance providers, which is driven by the passage of the GENIUS Act in July 2025.