Western Union Plans Stablecoin Launch on Solana by 2026

2 mins mins

Key Points:

Western Union partners with Anchorage to issue stablecoin on Solana by 2026.
Digital Asset Network will support wallets and cash off-ramps.
Anchorage to handle stablecoin issuance and regulatory compliance.

Western Union plans to issue a stablecoin, USDPT, on the Solana blockchain by 2026, partnering with Anchorage Digital Bank to enhance digital asset capabilities.

The initiative could shift remittance flows and boost Solana’s usage, highlighting growing interest from traditional finance in blockchain technology.

Western Union to Launch USDPT on Solana by 2026

Western Union plans to introduce the USDPT stablecoin on the Solana blockchain as part of its new strategy to venture into digital assets. By 2026, Western Union aims to launch a stablecoin in partnership with Anchorage Digital Bank, which will handle issuance and custody.

Expected changes include integrating USDPT within Western Union’s existing infrastructure to facilitate faster and lower-cost cross-border transactions. The company also plans to introduce a Digital Asset Network enabling wallets and cash off-ramps, enhancing global payment solutions.

“As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins…Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.” — Devin McGranahan, President and CEO, Western Union

Solana’s Market Position and Potential Impact

Did you know? Western Union’s foray into stablecoins aligns with global trends. In 2023, PayPal launched PYUSD on Ethereum, marking growing financial institution interest in blockchain and stablecoins, despite short-term minimal impacts on DeFi TVL.

Solana (SOL) currently trades at $197.66, with a market cap of $108.65 billion and market dominance of 2.83%. Over the last 24 hours, the trading volume reached $6.85 billion, despite a 1.85% drop, according to CoinMarketCap. The price is up 1.87% over seven days but down 4.04% over 30 days.

solana-daily-chart-273 — Solana(SOL), daily chart, screenshot on CoinMarketCap at 19:23 UTC on October 28, 2025. *Source: CoinMarketCap*

Insights from Coincu’s research team suggest Western Union’s integration with Solana may increase on-chain activity and liquidity in traditional financial services. This move could lead to more stable institutional collaboration and innovation within the blockchain space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.