Western Union to Launch Solana-Based Stablecoin Plus ‘Stable Card’ Next Month

Global fiscal services elephantine Western Union volition motorboat its Solana-based stablecoin USDPT adjacent month, the institution said during its Q1 net call.

"It is nary longer a question of if Western Union volition beryllium progressive successful integer assets, it is present however accelerated we tin scale," the firm's CEO and President Devin McGranahan said during the presentation, calling USDPT, “the instauration of our strategy.”

First announced successful October 2025, the U.S. dollar-backed stablecoin is successful the "final stages" of preparation, the steadfast said. Anchorage Digital Bank volition service arsenic the issuer for USDPT, which Western Union designed specifically for settling with its planetary cause web alternatively than arsenic a consumer-facing product.

The inaugural marks Western Union's pivot toward blockchain infrastructure for halfway concern operations, targeting the organization colony marketplace wherever accepted analogous banking networks person agelong dominated cross-border payments.

Western Union’s integer plus ecosystem

Beyond cause settlements, Western Union is gathering a broader integer plus ecosystem. The company's Digital Asset Network (DAN) volition onboard its archetypal spouse this week, creating a span betwixt cryptocurrency wallets and Western Union's carnal locations.

"Through DAN, millions of wallet users volition beryllium capable to determination from integer assets into section currency utilizing Western Union's retail web with an acquisition that is elemental for customers and acquainted for our agents," McGranahan said, adding that the steadfast has seen “strong inbound interest” since announcing its archetypal partners.

The institution besides revealed plans for its USD Stable Card, scheduled to motorboat aboriginal this twelvemonth crossed “dozens of markets,” McGranahan said. The Stable Card, which volition alteration consumers to clasp worth successful stablecoins and walk them astir the world, is “particularly compelling successful inflation-sensitive markets wherever customers privation dollar-denominated worth with contiguous applicable utility,” helium added.

Ultimately, McGranahan said, the Stable Card volition be, “consumer facing expression, connecting USDPT, integer asset, retail customers, planetary spending, into a single, integrated, casual user experience.”

Western Union reported adjusted gross of $983 cardinal successful the archetypal 4th of 2026, down 1% year-over-year but marking a 400-basis-point betterment from Q4.

The firm’s stablecoin motorboat follows the company's earlier announcement successful December astir building connected Solana's endeavor platform alongside Mastercard and Worldpay. The determination forms portion of a broader inclination of accepted fiscal institutions exploring stablecoin infrastructure, with Wells Fargo applying for a WFUSD trademark signaling imaginable crypto integration and Citi reportedly mulling its ain stablecoin offering for cross-border payments.