US EditionStablecoin News: Western Union Tapping Solana (SOL) and Anchorage for Digital Dollar
Western Union will launch the U.S. Dollar Payment Token on Solana blockchain to speed up and reduce costs in cross-border payments for its 100 million users.
- On Tuesday, Western Union announced it plans to roll out the U.S. Dollar Payment Token for its 100 million-user payment network in the first half of next year.
- Stablecoins offer a cheaper, faster alternative for remittances and cross-border transactions, with adoption boosted by clearer U.S. rules under the GENIUS Act.
- In a competitive landscape, Western Union is the latest to incorporate stablecoins, while MoneyGram upgrades its app around Circle's USDC, Stellar, and Crossmint, with no mention of PayPal.
- At scale, Western Union framed the move by highlighting stablecoins as a $300 billion class embedded into global payment channels, with plans to launch USDPT on Solana in 2026.
- Technically, Western Union will issue the U.S. Dollar Payment Token through Anchorage Digital, a federally regulated digital asset bank, on Solana, a public blockchain designed for low-cost, fast settlements.
46 Articles
46 Articles
Western Union to launch dollar-backed stablecoin on Solana blockchain - report (WU:NYSE)
Western Union (WU) is planning to roll out a dollar-backed stablecoin on the Solana (SOL-USD) blockchain next year, aiming to make global money transfers faster and cheaper. WU shares gained 7% in afternoon trading.
Solana Lands Major Win As Western Union Goes Crypto - Coin Surges
Western Union said it will launch a dollar-backed stablecoin and build a new crypto payment network on Solana, a move that could reshape how the company moves money across borders. According to company filings and press releases, the token will be called USDPT and is scheduled for the first half of 2026. Anchorage Digital Bank will issue the token, reports show. Western Union Taps Solana And Anchorage Digital Bank Based on reports, Western Union…
Western Union to Launch Dollar-Backed Stablecoin in 2026
Western Union has announced a significant pivot into digital assets with plans to launch its own U.S. dollar-backed stablecoin in the first half of 2026. USDPT Details and Launch Plan Western Union, one of the world’s oldest payment networks, has announced plans to launch a U.S. dollar-backed stablecoin, which aims to revolutionize cross-border money transfers […]
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