Western Union targets may launch for USDPT stablecoin

Western Union is targeting a May rollout for its USDPT stablecoin as part of a broader push to integrate digital assets into its global payments platform.

The company said USDPT, a US dollar-backed token, is in its final stages of readiness and will underpin its strategy to scale digital payments and settlement across its network.

“We've crossed an important threshold… it is now how fast can we scale,”

Said Western Union president and CEO, Devin McGranahan.

USDPT will be built on Solana and issued by Anchorage Digital Bank, with exchange and banking partners supporting distribution, conversion and settlement use cases.

The rollout comes as stablecoin adoption accelerates among traditional financial institutions, with US dollar-pegged tokens dominating the roughly $320 billion market led by Tether and Circle.

Western Union is also preparing to launch its digital asset network to connect crypto wallets with more than 360,000 cash access points globally, alongside a planned stablecoin card for payments later this year.

The company said its focus is now on scaling adoption and embedding digital assets deeper into its core money movement platform as it expands its role in the evolving crypto payments ecosystem.

At the time of reporting, Solana price was $85.93.