Western Union will launch the USDPT stablecoin in May, using the Solana infrastructure (SOL) to replace SWIFT in agent settlements.

USDPT Launch Details
CEO Devin McGranahan confirmed the timing during the company's first-quarter earnings call on April 24. He told analysts that USDPT has reached the final readiness stage. This token will not debut as a consumer product.
Instead, Western Union plans to use it to settle transactions with agent partners in selected countries. McGranahan said this move replaces the bank-to-bank SWIFT infrastructure currently relied upon by the company for cash flows.
This dollar-backed token is issued by Anchorage Digital Bank and operates on Solana. It is designed to settle transactions over weekends and bank holidays when traditional channels are not operational for two to three days.
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Why Settlement Speed Matters
Western Union reported adjusted earnings of $983 million in the first quarter, down 1% compared to last year. Shares closed at $8.90 on Friday, down 4.6%.
McGranahan frames USDPT as the foundation of a three-part digital strategy. The Digital Asset Network connects crypto wallets with Western Union’s retail footprint, with the first partner starting operations this week. Stable cards for consumers in inflation-affected markets will follow later this year.
This push is built on the October announcement that first integrated Western Union with Solana and Anchorage. At that time, executives indicated that T+2 and T+3 delays were core issues that USDPT would resolve for agents holding capital across borders.
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