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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
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