# Remittances Giant Western Union Selects Solana for Stablecoin Deployment: WSJ

*Author: Jack Inabinet*
*Published: Oct 28, 2025*
*Source: https://www.bankless.com/read/news/remittances-giant-western-union-selects-solana-for-stablecoin-deployment-wsj*

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In 1861, Western Union [constructed](https://en.wikipedia.org/wiki/First_transcontinental_telegraph) the first transcontinental telegraph line. In 1914, Western Union [issued](https://www.encyclopedia.com/finance/encyclopedias-almanacs-transcripts-and-maps/charge-card) 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](https://www.wsj.com/finance/western-union-early-telegraph-pioneer-joins-the-crypto-arms-race-a0aa7f02?gaa_at=eafs&gaa_) 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](https://twitter.com/WesternUnion?ref_src=twsrc%5Etfw), the world's largest money transfer business, is building exclusively on Solana. 🔥 [pic.twitter.com/dJMnKN5EY4](https://t.co/dJMnKN5EY4)— Solana (@solana) [October 28, 2025](https://twitter.com/solana/status/1983215174883430839?ref_src=twsrc%5Etfw)