Western Union is preparing to enter the stablecoin market through the introduction of its U.S. Dollar Payment Token (USDPT), built on the Solana blockchain and issued by Anchorage Digital Bank. The company said the initiative will support its goal of merging traditional finance with digital assets, offering faster, lower-cost cross-border transfers. The project also includes a new Digital Asset Network that aims to simplify how users send, receive, and spend money globally.
Expanding Global Money Movement with Solana
According to Western Union, USDPT will serve as a bridge between fiat and crypto, supporting real-world payments and treasury operations. The Solana network was chosen for its scalability and low transaction costs, enabling rapid transfers that align with the firm’s high-volume remittance infrastructure. Anchorage Digital Bank will oversee issuance and custody, ensuring security and compliance across jurisdictions.
Western Union’s President and CEO Devin McGranahan stated that the project represents a strategic step in redefining financial accessibility. “Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere,” McGranahan said. He added that Western Union’s collaboration with Solana and Anchorage Digital strengthens its ability to offer compliant digital payments and cash off-ramps worldwide.
Building a Bridge Between Digital and Traditional Finance
The company plans to roll out USDPT in the first half of 2026, with tokens accessible through partner exchanges. This launch will expand the company’s reach into the digital economy while preserving trust through regulatory oversight.
Western Union believes the new ecosystem can reshape global remittances by linking the U.S. dollar to local spending markets, promoting faster and more reliable transfers at reduced costs.
Besides improving customer access, Western Union aims to attract partners seeking a secure and interoperable digital payments platform. The Digital Asset Network is expected to connect wallets, agents, and payment providers into a unified system. By integrating blockchain efficiency with Western Union’s compliance infrastructure, the company intends to position itself at the forefront of digital financial transformation.
Solana Price Outlook: Analyst Targets $252
Source: X
Meanwhile, Solana (SOL) trades near $197.51 after a brief pullback of 1.69% in 24 hours. Analyst MartyParty noted that Solana’s one-hour chart shows bullish momentum after confirming a double-bottom reversal between $167 and $175. The breakout above $190 signals potential continuation toward resistance at $210, with projected targets of $252 and $258.
