Western Union Launches USDPT Stablecoin on Solana via Anchorage Digital

1 week ago 11

In brief

Western Union launched USDPT, a U.S. dollar-backed stablecoin issued by federally regulated Anchorage Digital Bank and built connected Solana.
The wealth transportation elephantine plans to usage the stablecoin for planetary speech listings, organization settlement, and user payments.
A user spending merchandise called "Stable by Western Union" volition motorboat successful implicit 40 countries successful 2026.

Western Union announced the launch of USDPT, its U.S. dollar-denominated outgo stablecoin built connected Solana and issued by Anchorage Digital Bank N.A.

The stablecoin volition anchor respective strategical initiatives for the remittance giant, including a consumer-facing spending merchandise called "Stable by Western Union" acceptable to motorboat successful much than 40 countries successful 2026, according to an announcement. The rollout leverages Western Union's existing infrastructure spanning 200+ countries and territories and serving 100 cardinal users.

"USDPT reinforces Western Union's relation arsenic a planetary payments platform," Western Union CEO Devin McGranahan said, successful a statement. "By integrating a regulated integer dollar straight into our network, we're creating a much businesslike colony furniture that supports partners, agents and aboriginal user usage cases—all portion preserving the spot and standard that specify our brand."

Anchorage Digital CEO Nathan McCauley emphasized the regulatory foundation, noting successful a connection that stablecoins person “promised faster, much businesslike wealth movement, but scaling them into existent outgo networks requires much than technology."

“It requires regulatory alignment and operational rigor,” helium added. “As a federally chartered bank, we supply that foundation, allowing USDPT to relation arsenic trusted, always-on fiscal infrastructure from time one.”

The full stablecoin marketplace headdress sits astir $321 cardinal arsenic of this writing, led by Tether’s USDT with astir $190 cardinal worthy of dollar-pegged tokens successful circulation. Corporate involvement successful launching stablecoins has grown substantially since past year’s signing of the GENIUS Act, which created a model for specified tokens successful the United States.