Western Union Bets on Solana to Power Its Global Stablecoin Network - Blockonomi
by Brenda Mary · BlockonomiTLDR:
Table of Contents
- TLDR:
- Western Union’s USDPT Stablecoin to Launch on Solana
- Solana and Anchorage Digital Expand Role in Global Crypto Payments
- Western Union selects Solana for USDPT, a new stablecoin set to launch in 2026 through Anchorage Digital.
- USDPT will bridge fiat and crypto payments, supporting global money movement across over 200 countries.
- Every USDPT transaction will require $SOL for gas, boosting Solana’s role in large-scale remittance flows.
- Western Union’s Digital Asset Network aims to provide direct access to send, spend, and hold USDPT worldwide.
Western Union has made one of its biggest digital moves yet. The global money transfer leader is launching its own stablecoin, USDPT, built on Solana and issued by Anchorage Digital Bank.
The company aims to create a bridge between cash and crypto for millions of users. Western Union’s plan targets faster, cheaper transfers that still operate within trusted financial rails. The stablecoin is set to arrive in the first half of 2026, the company confirmed in a recent press release.
Western Union’s USDPT Stablecoin to Launch on Solana
Western Union said USDPT will serve as the core of its new Digital Asset Network, a system designed to connect digital and fiat payments under one umbrella. The company believes it can help customers move, hold, and spend money digitally with the same confidence they have using traditional services.
Built on Solana, USDPT will require $SOL for gas on every transaction. That gives Solana another major utility boost within global remittance flows.
According to a tweet shared by MartyParty, Solana’s network was chosen for its high throughput and low transaction costs, both essential for handling cross-border payments.
Western Union will also leverage Anchorage Digital’s regulated platform for stablecoin issuance and custody. That partnership, the company said, ensures that USDPT meets strict compliance and security standards while maintaining accessibility for retail and institutional clients.
The goal is to integrate crypto without compromising trust or usability.
The company expects USDPT to become available through partner exchanges, making it easier for users to buy, sell, and transfer the token globally.
Solana and Anchorage Digital Expand Role in Global Crypto Payments
Western Union’s entry into the stablecoin space could accelerate mainstream crypto adoption. The collaboration links one of the world’s largest payment networks with one of the fastest blockchain ecosystems.
Solana’s performance, combined with Anchorage Digital’s regulatory standing, forms a foundation Western Union said can handle billions in future remittance volume.
The company emphasized that USDPT isn’t just a digital dollar but part of a broader effort to modernize cross-border transactions. By combining blockchain speed with fiat on- and off-ramps, Western Union hopes to simplify how people send money to over 200 countries.
The company’s Digital Asset Network will connect wallets, payment providers, and traditional finance players. That could allow users to receive crypto directly and convert it into local currency instantly through Western Union’s established infrastructure.
Western Union said this move supports its mission to expand financial access for global users, particularly those who rely on remittances. The system will focus on transparency, compliance, and low-cost transactions, areas long associated with blockchain’s appeal.