Western Union Plans 2026 Launch of USDPT Stablecoin

Western Union is stepping into the digital asset space with the announcement of a new U.S. Dollar Payment Token (USDPT) — a stablecoin pegged to the U.S. dollar and built on the Solana blockchain. The initiative marks a major move by one of the world’s largest remittance providers toward integrating blockchain technology into its global payments network.

Good to Know

• USDPT will be issued by Anchorage Digital Bank and launched in 2026.
• The token aims to expand Western Union’s money transfer and treasury capabilities.
• A new Digital Asset Network will connect crypto wallets to traditional cash systems worldwide.

The company says USDPT will make sending, spending, and holding money easier for customers, agents, and partners. Western Union will also introduce a Digital Asset Network — a platform that links digital currencies to fiat cash-out systems, enabling users to convert crypto to local currency through its global network.

What Does Western Union’s Stablecoin Do?

Western Union President and CEO Devin McGranahan said the USDPT will serve as a bridge between blockchain-based payments and real-world finance. Customers will be able to send, receive, spend, and hold digital dollars using the token, while the company gains new tools to enhance liquidity and cross-border efficiency.

McGranahan said.

He added that the new network will simplify how people move money between digital wallets and local cash outlets.

“Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”

How Will Western Union’s Digital Asset Network Work?

The Digital Asset Network will connect blockchain assets with real-world currencies, offering a practical bridge between decentralized finance and Western Union’s existing global infrastructure. The network will partner with digital wallets and wallet providers, allowing users to cash out their digital funds through Western Union’s vast network of physical agents.

The project also aims to streamline internal treasury operations, improving how the company manages liquidity across 200 countries and 130 currencies. Western Union expects USDPT to be available in the first half of 2026 through select partner exchanges.

By using the Solana blockchain — known for its low fees and high-speed settlement — Western Union joins a growing list of financial institutions adopting stablecoin solutions to modernize global remittances.

FAQ

What is USDPT?

It is Western Union’s new U.S. dollar–pegged stablecoin, issued by Anchorage Digital Bank and built on the Solana blockchain.

When will it launch?

The stablecoin is expected to be available to customers in the first half of 2026 via partner exchanges.

What is the Digital Asset Network?

A global platform that connects digital assets with local cash-out services, enabling seamless movement between crypto and fiat money.

Why is Western Union launching a stablecoin?

To improve cross-border money transfers, expand digital options for customers, and strengthen its treasury systems using blockchain technology.