USDPT is built on Solana and issued through Anchorage Digital Bank. It combines Western Union’s global reach with a high-performance blockchain and regulated stablecoin infrastructure.
The launch is associated with the company’s new network of digital assets. This network connects digital wallets to traditional money exit ramps. Enabling users to send, receive, hold and spend digital assets seamlessly.
Stablecoin strategy for global payments
USDPT is designed to provide a bridge between fiat and digital currencies, giving customers, agents and partners more options to transfer money securely. Stablecoins like USDPT are digital tokens tied to a currency, in this case the US dollar, which helps reduce the volatility typically associated with cryptocurrencies. Devin McGranahan, CEO of Western Union, noted that the stablecoin will allow the company to “capture the stablecoin economy” while expanding financial services to underserved communities.
“For 175 years, we have been connecting people, moving $150 billion a year. Digital assets are the next evolution.
We looked at alternatives and came to the conclusion that Solana was the right choice.
– Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
– Solana (@solana) October 28, 2025
By leveraging Solana’s high-throughput blockchain, Western Union expects USDPT transactions to be settled quickly and efficiently. This could be a game changer for remittances. For example, sending money from the United States to the Philippines currently involves multiple middlemen, delays, and fees. With USDPT, the transfer could happen almost instantly on-chain. While the recipient converts the stablecoin into local currency using Western Union’s digital asset network.
.@Western Union USDPT and Digital Asset Network, built on Solana.
Change the way money moves around the world. pic.twitter.com/RlHvOC3E6Z
– Solana (@solana) October 28, 2025
Western Union designed the Digital Asset Network to manage the “last mile” of digital payments. It integrates with partner wallets and exchanges to provide seamless access to cash. Ensuring that digital assets can be spent or withdrawn easily. The partnership with Anchorage Digital Bank brings institutional-grade regulatory oversight and security to the project. This will give users confidence in security and compliance. The company plans to make USDPT widely available through partner exchanges in the first half of 2026.
Learn more about Solana
Weekly stablecoin transfer volume on Solana hit a 39-week high. Signaling renewed activity and interest in the network’s digital dollar ecosystem. This rise reflects the growing adoption of stablecoins for payments. Additionally, trading and decentralized finance applications as users take advantage of Solana’s fast and low-cost blockchain infrastructure.
🚨NEW: Weekly stablecoin transfer volume enabled @Solana reached a 39-week high. pic.twitter.com/NPMr8oF1sz
– SolanaFloor (@SolanaFloor) October 29, 2025
This trend highlights Solana’s current role as a key platform for stablecoin transactions. This will provide a reliable alternative to more congested networks while supporting the broader growth of digital financial tools.
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