Western Union to Launch USDPT Stablecoin, Monetize Float and Join Solana Platform
Western Union plans to launch its U.S. Dollar Payment Token (USDPT) on Solana this year, aiming to earn interest on billions in float by backing the stablecoin with U.S. Treasuries and embedding compliance controls. It joined Solana’s enterprise developer platform with Mastercard and Worldpay to pilot blockchain-based cross-border payments.
1. Western Union's USDPT Stablecoin Launch
Western Union plans to launch its U.S. Dollar Payment Token (USDPT) on the Solana blockchain before year-end. USDPT will be issued by Anchorage Digital Bank and custodied by U.S. Bank, enabling instant, capital-light transfers across the company’s network in over 200 countries.
2. Float Monetization and Compliance Controls
USDPT is designed to transform Western Union’s negative float—billions in pre-funded balances—into a positive revenue stream by earning interest on U.S. Treasury holdings backing the stablecoin. Embedded programmable compliance features will allow tailored transaction controls and rewards for different partners and regions.
3. Partnership in Solana Developer Platform
Western Union has joined Solana’s enterprise developer platform alongside Mastercard and Worldpay to pilot blockchain-based cross-border payment solutions. This integration leverages a unified API interface for digital asset issuance, payment orchestration and future trading modules.