Western Union to Launch Solana-Based USDPT Stablecoin and Global USD Stable Card
Western Union will launch its Solana-based U.S. dollar-backed stablecoin USDPT next month, with Anchorage Digital Bank as issuer for settling transactions within its global agent network. The firm also plans a USD Stable Card rollout later this year in dozens of markets to let consumers hold and spend stablecoin value.
1. Stablecoin Launch Plans
Western Union will launch USDPT, a U.S. dollar-backed stablecoin built on Solana, next month. Anchorage Digital Bank is set to serve as issuer, and the stablecoin is designed specifically for settlement within Western Union’s global agent network, not for direct consumer use.
2. Digital Asset Network Expansion
The company’s Digital Asset Network will onboard its first partner this week, establishing a bridge between cryptocurrency wallets and Western Union’s physical locations. This network will enable millions of digital asset users to convert holdings into local currency through the firm’s retail agent infrastructure.
3. USD Stable Card Rollout
Scheduled for later this year, the USD Stable Card will launch across dozens of markets, allowing consumers to hold and spend stablecoin value globally. The card aims to offer dollar-denominated purchasing power in inflation-sensitive regions with an integrated consumer experience.
4. Q1 Financial Context
In Q1 2026, Western Union reported adjusted revenue of $983 million, down 1% year-over-year but showing a 400-basis-point sequential margin improvement from Q4. These results set the stage for the firm’s strategic shift toward blockchain-based settlement solutions.