USDPT is built on Solana and issued through Anchorage Digital Bank. It combines Western Union’s global reach with high-performance blockchain and regulated stablecoin infrastructure.
The launch is paired with the company’s new Digital Asset Network. This network connects digital wallets to traditional cash off-ramps. Enabling users to send, receive, hold, and spend digital assets seamlessly.
Stablecoin Strategy for Global Payments
USDPT is designed to provide a bridge between fiat and digital currencies, offering customers, agents, and partners more options for moving money securely. Stablecoins like USDPT are digital tokens pegged to a currency, in this case, the U.S. dollar, which helps reduce the volatility commonly associated with crypto. Devin McGranahan, Western Union’s CEO, emphasized that the stablecoin will allow the company to “own the economics linked to stablecoins” while extending financial services to underserved communities.
“For 175 years, we’ve been connecting people, moving $150 billion a year. Digital assets is the next evolution.
We looked at alternatives, and came to the conclusion that Solana was the right choice.”
– Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
— Solana (@solana) October 28, 2025
By leveraging Solana’s high-speed blockchain, Western Union expects USDPT transactions to settle quickly and efficiently. This could be a game-changer for remittances. For example, sending money from the U.S. to the Philippines currently involves multiple intermediaries, delays, and fees. With USDPT, the transfer could occur near-instantly on-chain. While the recipient converts the stablecoin to local currency using Western Union’s Digital Asset Network.
.@WesternUnion USDPT and the Digital Asset Network, built on Solana.
Changing how the world’s money moves.https://t.co/FVobqBOUPA pic.twitter.com/RlHvOC3E6Z
— Solana (@solana) October 28, 2025
Western Union designed the Digital Asset Network to handle the “last mile” of digital payments. It integrates with partner wallets and exchanges to provide seamless access to cash. Ensuring that digital assets can be spent or withdrawn easily. Partnering with Anchorage Digital Bank brings regulatory oversight and institutional-grade security to the project. It will give users confidence in safety and compliance. The company plans to make USDPT widely available through partner exchanges in the first half of 2026.
More About Solana
Weekly stablecoin transfer volume on Solana has surged to a 39-week high. Signaling renewed activity and interest in the network’s digital dollar ecosystem. This uptick reflects growing adoption of stablecoins for payments. Also, trading and decentralized finance applications, as users leverage Solana’s fast and low-cost blockchain infrastructure.
🚨NEW: Weekly stablecoin transfer volume on @Solana hits a 39-week high. pic.twitter.com/NPMr8oF1sz
— SolanaFloor (@SolanaFloor) October 29, 2025
The trend underscores Solana’s ongoing role as a key platform for stablecoin transactions. This will provide a reliable alternative to more congested networks while supporting the broader growth of digital financial tools.
Disclaimer
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