Remittances Giant Western Union Selects Solana for Stablecoin Deployment: WSJ
Western Union's USDPT is expected to launch on Solana in H2 2026.
In 1861, Western Union constructed the first transcontinental telegraph line. In 1914, Western Union issued the first consumer credit card. In 2026, Western Union will launch a stablecoin on Solana.
What's the Scoop?
- New Stablecoin: According to the Wall Street Journal, Western Union plans on deploying the "U.S. Dollar Payment Token" (USDPT) to the
Solana blockchain sometime during the first half of 2026. - Better Payments: By launching stablecoin payments support, Western Union hopes to reduce customer costs and settlement wait times, with the added bonus of eliminating the risks of local currency value fluctuations.
- Blue Chip Backing: USDPT will be issued in partnership with Anchorage Digital Bank, the only federally chartered cryptocurrency bank and a trusted custodian of digital assets for financial institutions.
Bankless Take:
The launch of USDPT by venerable payments giant Western Union validates the practical advantages offered by blockchain-based stablecoin payments in global transactions.
It's official:@WesternUnion, the world's largest money transfer business, is building exclusively on Solana. 🔥 pic.twitter.com/dJMnKN5EY4
— Solana (@solana) October 28, 2025
Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
