- Western Union launched USDPT, a dollar-backed stablecoin built on Solana and issued by federally regulated Anchorage Digital Bank.
- The stablecoin will be used for global exchange listings, institutional settlement, and a consumer spending product launching in 2026.
- This move integrates regulated digital currency into the company’s vast network of over 200 countries and 100 million users.
- The announcement follows growing corporate interest in stablecoins, with the total market valued at approximately $321 billion.
In a landmark move for regulated digital payments, global remittance giant Western Union has launched its U.S. dollar stablecoin, USDPT, on the Solana blockchain according to an official announcement. The token is issued by the federally chartered Anchorage Digital Bank and will serve as the backbone for new institutional and consumer payment initiatives.
The company plans to use USDPT for global exchange listings and institutional settlement. Consequently, a consumer-facing product named “Stable by Western Union” will launch in over 40 countries starting in 2026.
“USDPT reinforces Western Union’s role as a global payments platform,” said CEO Devin McGranahan. He stated that integrating a regulated digital dollar creates a more efficient settlement layer that supports partners and future consumer use cases.
Meanwhile, Anchorage Digital CEO Nathan McCauley emphasized the project’s regulatory foundation. “As a federally chartered bank, we provide that foundation, allowing USDPT to function as trusted, always-on financial infrastructure from day one,” he said.
The rollout leverages Western Union’s existing infrastructure, which spans more than 200 countries and territories. This network currently serves an estimated 100 million users worldwide.
This corporate entry arrives as the total stablecoin market capitalization sits around $321 billion. Market leader Tether‘s USDT dominates with nearly $190 billion in circulation.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
