TechFlow, October 29 — NYSE-listed payment giant Western Union today announced plans to launch a U.S. dollar payment token (USDPT) stablecoin and digital asset network. The stablecoin will be built on the Solana blockchain and issued by Anchorage Digital Bank, with an expected official launch in the first half of 2026. Western Union CEO Devin McGranahan stated that this initiative aims to empower customers through emerging technologies and provide secure, compliant, and low-cost cross-border money transfer services by integrating Western Union's global network with blockchain technology. The digital asset network will enable users to send, receive, spend, and hold USDPT, further advancing Western Union's mission of making financial services accessible worldwide.
Earlier reports indicated that Western Union would partner with Anchorage in 2026 to issue a stablecoin on the Solana blockchain.
