Western Union is expanding its investments in blockchain payment technology, announcing the launch of a new stablecoin, USDPT, on the Solana platform next month. This move was revealed during the company's first-quarter earnings call, where executives emphasized the company's focus on digital asset infrastructure.

Western Union chooses Solana to launch its stablecoin
Devin McGranahan, CEO of Western Union, expressed the importance of this project. Regarding the integration of Solana, he said: "The question is no longer whether Western Union will engage in digital assets, but how quickly we can scale." He added that the new token "represents the foundation of our strategy."
The USDPT coin, first announced in late 2025, is a dollar-backed stablecoin set to launch on the Solana platform. For your information, it will be issued by Anchorage Digital Bank. This marks a significant achievement for Solana after its collaboration with XRP earlier this month.
While stablecoins typically target the retail market, the USDPT coin on the Solana platform is primarily designed for settlement purposes within Western Union’s global agent network. It focuses on facilitating cross-border payments that have long relied on correspondent banks.
Other initiatives from Western Union
In addition to launching the stablecoin on the Solana platform, the company is developing an integrated digital asset ecosystem. The digital asset network platform (DAN) is expected to launch with its first partner this week. This network will connect digital wallets to the Western Union retail network.
McGranahan explained: "Through the DAN network, millions of wallet users will be able to convert their digital assets into their local currencies using Western Union’s network, providing an easy and familiar experience for customers and agents." He added that the project has received "significant investor interest."
Western Union is also working on a product for end-users, a US dollar stablecoin card. The company plans to launch this card later this year in several markets. This card will enable users to store stablecoin balances and conduct transactions anywhere in the world, especially in regions experiencing currency fluctuations.
SOL stock price update today
Meanwhile, Solana is experiencing a decline in sales despite increasing network adoption. As of the time of writing, Solana’s stock price is $85.08 📈💯🌋💫💫🥰❤️❤️