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Western Union Company (WU) announced plans to launch a U.S. Dollar Payment Token stablecoin and Digital Asset Network in the first half of 2026. The USDPT stablecoin will be built on the Solana blockchain and issued by Anchorage Digital Bank.
The Denver-based money transfer company said the stablecoin will expand payment options for customers, agents and partners while supporting treasury capabilities. Users will access USDPT through partner exchanges and be able to send, receive, spend and hold the digital token.
"As we evolve into the digital assets space, Western Union ’s USDPT will allow us to own the economics linked to stablecoins," said Devin McGranahan, President and CEO of Western Union.
The Digital Asset Network will partner with wallet providers to offer cash off-ramps for digital assets using Western Union’s global network. The company said this addresses the "last mile of the crypto journey" by providing seamless access to cash conversion services.
Western Union selected Solana for its blockchain infrastructure and Anchorage Digital Bank as the stablecoin issuer. Anchorage Digital Bank is a federally regulated institution that provides digital asset custody solutions.
The company stated that USDPT aims to enable cross-border digital payments with lower costs while maintaining compliance and security standards. Western Union operates in more than 200 countries and territories across over 130 currencies.
The announcement was made through a company press release detailing Western Union’s entry into the digital asset space through blockchain-based payment solutions.