Union

America

Solana

USDC

Western Union has launched its US dollar-denominated USDPT stablecoin on Solana, marking its first move into blockchain-based payments and onchain settlement for its global remittance network.&nbsp;
One of the crypto infrastructure platforms involved in the launch, Fireblocks, <a href="https://www.prnewswire.com/news-releases/western-union-selects-fireblocks-to-power-its-first-stablecoin-usdpt-302760774.html" rel="noopener noreferrer nofollow">said</a> on Monday that USDPT is initially being rolled out in Bolivia and the Philippines, while Western Union <a href="https://www.businesswire.com/news/home/20260504531737/en/Western-Union-Launches-USDPT-on-Solana-Advancing-Regulated-Digital-Infrastructure-for-Global-Payments" rel="noopener noreferrer nofollow">said</a> it plans to expand the stablecoin to more than 40 countries in 2026.
Major remittance companies have been <a href="https://cointelegraph.com/news/western-union-eyes-may-for-its-stablecoin-usdpt-rollout" rel="noopener noreferrer nofollow">eyeing</a> stablecoins since the passage of the stablecoin-friendly GENIUS Act in July. MoneyGram started offering USDC (USDC) stablecoin services in Colombia in September, while Zelle announced plans to offer stablecoin-powered cross-border transfers in October.
Western Union said the “launch of USDPT reflects a broader shift in how global payments are evolving,” adding that more financial institutions will adopt “regulated digital assets as core infrastructure going forward.”&nbsp;
The <a href="https://cointelegraph.com/news/stablecoin-supply-plateaus-regulation-treasury-yields" rel="noopener noreferrer nofollow">stablecoin market cap</a> currently <a href="https://www.coingecko.com/en/categories/stablecoins" rel="noopener noreferrer nofollow">sits</a> at $317.3 billion, a figure that the US Department of the Treasury and Wall Street investment bank Citigroup have tipped to exceed $2 trillion by 2030.
<img alt="Western Union begins USDPT stablecoin rollout on Solana" height="885" src="https://payload.lum-tri.org/api/media/file/pasted-image-298.png?prefix=media%2Fcontent" width="690">Source: <a href="https://x.com/WesternUnion/status/2051363626267632018" rel="noopener noreferrer nofollow">Western Union</a>
<h2 id="western-union-to-make-usdpt-available-on-crypto-exchanges">Western Union to make USDPT available on crypto exchanges</h2>
USDPT is being issued by crypto infrastructure firm <a href="https://cointelegraph.com/news/tether-backs-anchorage-digital-100m-equity-investment" rel="noopener noreferrer nofollow">Anchorage Digital</a>, the first federally regulated crypto bank in the US, while Fireblocks is providing the wallet and settlement infrastructure for the stablecoin.
Western Union said it plans to make USDPT available on licensed crypto exchanges and connect them to its broader payments and liquidity infrastructure.&nbsp;
Related:<a href="https://cointelegraph.com/news/australia-payment-planners-flag-tokenized-money-as-future-rail-issue" rel="noopener noreferrer nofollow"> Australia draft payments vision eyes stablecoin interoperability</a>&nbsp;
USDPT’s launch in Bolivia and the Philippines makes the stablecoin available to a combined 130 million people.
On Sunday, Bybit's former chief marketing officer, Claudia Wang, said there was an opportunity for money transmitter firms like Western Union to tap into many <a href="https://cointelegraph.com/news/stablecoin-firms-should-focus-on-non-us-corridors-in-latam-to-capture-opportunities-report" rel="noopener noreferrer nofollow">untouched remittance corridors</a> in the Americas, which have become a $174 billion market.
She said remittance corridors between the US and Central America are exploding, while many routes from within Latin America — such as from Argentina to Bolivia — have been “almost untouched by crypto rails.”&nbsp;
Western Union facilitates transfers for more than 150 million customers across more than 190 countries.
Magazine:<a href="https://cointelegraph-magazine.com/singapore-crypto-speculation-down-mas-loophole-closure-asia-express/" rel="noopener noreferrer nofollow"> Singapore isn’t a ‘crypto hub’ — it’s something better: StraitsX CEO</a>

Western Union begins USDPT stablecoin rollout on Solana

Table of Contents

Cointelegraph

Other articles published on May 5, 2026

Join our free newsletter for daily crypto updates!