Western Union launches USDPT stablecoin on Solana

Western Union announced the launch of USDPT, a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank N.A. and built on the Solana blockchain. The company said the token will be integrated into its payments network to speed settlement with its global agent network.

USDPT is fully backed by U.S. dollars and will use Solana’s infrastructure to enable faster and continuous settlement, including 24/7 movement of funds across the network. Western Union plans to make the stablecoin available for purchase through licensed virtual currency exchanges.

The company is developing a Digital Asset Network to connect exchanges and custodians with Western Union’s global payout rails. Western Union plans a consumer-facing product called Stable for 2026 and expects the service to reach more than 40 countries.

Western Union selected Fireblocks to provide the technical infrastructure for USDPT. The company said the stablecoin will be used to improve agent settlement processes and to support partner and consumer use cases as the Digital Asset Network comes online.

The announcement followed the company’s first-quarter financial results. For the twelve months ending recently, Western Union reported about $4.05 billion in revenue and a market capitalization near $2.88 billion. In Q1 2026, the company reported earnings per share of $0.25, below analyst expectations of $0.39, while revenue was $983 million, slightly ahead of forecasts. Following the results, Wolfe Research lowered its price target on the stock to $9.

Devin McGranahan, Western Union’s president and CEO, described the initiative in a company statement: “Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”

Western Union operates in more than 200 countries and territories. The company described USDPT as a tool to shorten settlement times and create continuous liquidity flows between exchanges, custodians and its payout rails.