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<p>In a landmark move toward digital transformation, Western Union has <strong><a href="https://www.businesswire.com/news/home/20251028647920/en/Western-Union-Announces-USDPT-Stablecoin-on-Solana-and-Digital-Asset-Network" rel="noopener noreferrer nofollow">announced</a></strong> plans to launch a U.S. dollar-backed stablecoin called the U.S. Dollar Payment Token (USDPT) on the Solana blockchain in the first half of 2026.</p>
<p>The initiative marks one of the most significant steps yet by a legacy financial institution into blockchain-based payments.</p>
<p>The USDPT stablecoin will be issued by Anchorage Digital Bank, a federally chartered crypto custodian, and is designed to cut transaction costs and speed up cross-border transfers for millions of Western Union customers worldwide.</p>
<blockquote class="twitter-tweet">
 <p>It's official:<a href="https://twitter.com/WesternUnion?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@WesternUnion</a>, the world's largest money transfer business, is building exclusively on Solana. <img src="https://s.w.org/images/core/emoji/16.0.1/72x72/1f525.png" alt="🔥" style="height: 1em; max-height: 1em;"> <a href="https://t.co/dJMnKN5EY4" rel="noopener noreferrer nofollow">pic.twitter.com/dJMnKN5EY4</a></p>
 <p>— Solana (@solana) <a href="https://twitter.com/solana/status/1983215174883430839?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 28, 2025</a></p>
</blockquote>
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<p>As part of the rollout, Western Union will introduce a new Digital Asset Network, allowing users of partner crypto wallets to convert digital assets into local currencies through the company’s 400,000+ retail locations across more than 200 countries. This integration aims to bridge the gap between on-chain finance and traditional remittance infrastructure, a market Western Union has dominated for over a century.</p>
<p>Customers will gain access to USDPT through Western Union’s exchange and wallet partners, creating a hybrid ecosystem that blends blockchain efficiency with global cash-out accessibility.</p>
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<p>In its statement, the company highlighted that the recent passage of the GENIUS Act, which provides clearer regulatory frameworks for stablecoins in the United States, was a key factor behind the timing of the launch. The act’s approval has given financial giants greater confidence to engage directly with blockchain-based digital assets.</p>
<p>Western Union’s stablecoin initiative is part of a broader modernization strategy focused on leveraging blockchain and digital asset infrastructure to stay competitive in the evolving global payments landscape. By integrating with Solana, known for its high-speed, low-cost transactions, the company seeks to position itself at the intersection of traditional finance and Web3 innovation, potentially redefining how remittances and international transfers operate in the coming decade.</p>
<p>The post <a href="https://www.ethnews.com/western-union-to-launch-dollar-backed-stablecoin-on-solana-in-2026/" rel="noopener noreferrer nofollow">Western Union to Launch Dollar-Backed Stablecoin on Solana in 2026</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Western Union to Launch Dollar-Backed Stablecoin on Solana in 2026

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