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Remittances Giant Western Union Selects Solana for Stablecoin Deployment: WSJ

Western Union's USDPT is expected to launch on Solana in H2 2026.
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Oct 28, 2025 • 1 min read

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.

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