Western Union Moves Closer to USDPT Stablecoin Launch on Solana

Highlights:

• Western Union is preparing to launch USDPT as its first major stablecoin payment product.
• USDPT will use Solana and Anchorage Digital Bank to support faster digital transfers.
• Western Union also plans to launch DAN and Stable Card for wider digital asset access.

Western Union, one of the world’s oldest and most recognized money transfer companies, is officially entering the stablecoin space. The company has announced plans to launch its own digital dollar called the U.S. Dollar Payment Token, or USDPT. In its first-quarter results released on April 24, Western Union said its stablecoin launch will help modernize its payment systems and support a more digital future.

Western Union said the USDPT will be built on Solana and issued by Anchorage Digital Bank. The company expected the stablecoin to become available in the first half of the year. The company first announced USDPT on October 28 last year. 

Western Union CEO Devin McGranahan said during the company’s latest earnings call that USDPT is now in its final stages of readiness and is expected to go live next month. The launch would mark one of Western Union’s biggest steps into blockchain-based payments.

The firm said USDPT is part of its broader plan to improve how money moves for customers, agents, and partners. The company also plans to use the token to support its own treasury operations. Western Union chose Solana for the blockchain infrastructure behind USDPT. Solana is known for fast and low-cost transactions, which can be useful for payment services. Anchorage Digital Bank will issue the stablecoin and provide regulated digital asset infrastructure.

The company said this structure will help connect blockchain payments with its existing compliance and risk systems. Users will also be able to access USDPT through partner exchanges, making the stablecoin easier to reach and use.

🔥HUGE: WESTERN UNION TO LAUNCH SOLANA-BASED STABLECOIN NEXT MONTH

The firm plans to launch USD-backed stablecoin USDPT, for onchain settlement as an alternative to SWIFT.

It also plans to launch “Stable Card” for global consumer spending and stablecoin access across markets. pic.twitter.com/McpJZJj5Wa

— Coin Bureau (@coinbureau) April 27, 2026

Western Union Expands Stablecoin Push with DAN and Stable Card

Western Union is also developing a Digital Asset Network, known as DAN. The company said DAN will give crypto wallets worldwide access to Western Union’s global network for funds-in and funds-out through one single application programming interface. 

In simpler terms, crypto wallet providers could connect to Western Union’s network via a single technical connection and allow users to send money in or out. The company said it is launching its first DAN partner in April and expects more than seven partners to go live during the year. 

For users, this could make it easier to move from digital assets into local cash. For Western Union, it opens a new path beyond traditional remittances. The company said the strategy can support digital payments access for underbanked users, global accessibility, U.S. dollar price stability, and 24/7 availability.

Along with DAN and USDPT, Western Union is also advancing its Stable Card strategy. The Stable Card will let users keep funds as stablecoins and use them for payments wherever cards are accepted. McGranahan described the card as especially useful in markets where local currencies lose value quickly due to inflation.

“In many parts of the world, being able to hold a U.S. dollar-denominated asset has real value, as inflation and currency devaluation can rapidly erode an individual’s purchasing power,” he said.

McGranahan added:

“Taken together, USDPT, DAN, and Stable Card operate as a connected ecosystem. With launches imminent, partners coming online, and early transactions beginning to flow through the network, we are firmly now in execution mode.”

Stablecoin Push Comes as Western Union Faces Revenue Pressure

Western Union’s stablecoin plan comes as the company faces pressure in parts of its traditional money transfer business. In the first quarter of the year, Western Union reported $983 million in revenue, flat from the same period last year. Adjusted revenue fell 1%, while branded digital revenue grew 9% on a GAAP basis.

McGranahan said the stablecoin launch will modernize Western Union’s payment systems. The company is also investing in digital channels and expects its pending Intermex acquisition to strengthen its retail business in the Americas.

For Western Union, USDPT could connect its traditional cash transfer business with the growing digital asset market. The company already works in more than 200 countries and territories, and its large retail network could give users an easier way to move between stablecoins and local cash.