Western Union to Launch USDPT Stablecoin on Solana

Western Union will release a stablecoin via the Solana blockchain in 2026, the company announced Tuesday.

The international payments company said in a joint announcement with the Solana Foundation that the new digital token will be called USDPT and will be issued by Anchorage Digital Bank.

“Western Union will provide users with access to digital assets, and we look forward to providing the ability to send, receive, spend and hold USDPT through a seamless user experience, supported by our global compliance and risk capabilities,” the announcement said.

“Our Digital Asset Network and USDPT will play an enabling role in achieving our mission making financial services accessible to people everywhere,” the company said.

Western Union will also launch a ‘Digital Asset Network’ that will enable ‘real world utility for digital assets’. No further details were revealed about whether the network would support other digital coins and tokens when contacted Declutter.

Denver, Colorado-based Western Union allows people to send money within the US and to other countries.

Solana is the crypto network behind the sixth largest digital coin by market capitalization. SOL. The blockchain is used for making payments or running decentralized applications such as crypto exchanges or games.

Stablecoins were originally used primarily by traders to enter and exit crypto transactions without accessing traditional bank rails.

The stablecoin market has a market capitalization of nearly $312 billion, up nearly 50% by 2025. British bank Standard Chartered has predicted the sector’s value will reach $750 billion by the end of 2026, a sign of growing interest in these assets by financial services firms, governments and other organizations, and a more favorable regulatory environment for digital assets.

PayPal, JP Morgan and several US states are working on issuing stablecoins. Well-known companies say the tokens can be used to streamline payments. US President Donald Trump signed the GENIUS Act into law in July, creating a framework for the issuance and trading of stablecoins.

USDT from Tether dominates the sector with a market cap of $183 billion, while Circle’s USDC is worth more than $76 billion. They are the third and seventh largest cryptocurrencies.

Solana recently traded around $203, up 2% in the last 24 hours and almost 6% over the week. In a Myriad forecast market, about two in three respondents don’t expect Solana to hit an all-time high this year. Myriad is part of Dastan, the parent company of an editorially independent company Declutter.

UPDATE (October 28, 2025, 2:10 PM ET): Adds Western Union quotes, background information, including market value, for stablecoins.