Western Union has announced plans to launch its own stablecoin in 2026.
The global money transfer and remittance corporation has revealed it is indeed working on the launch of its own stablecoin USDPT (U.S. Dollar Payment Token) in the first few months in the new year.
This is expected to be issued on the Solana network, as well as cementing a strategic partnership with Anchorage Digital, a licensed digital asset banking platform.
CEO and President of Western Union Devin McGranahan expressed:
We are committed to leveraging emerging technologies to empower our customers and communities. As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins.
The company also announced the development of its own network for on/off-ramps with the integration of global wallet providers and helping the conversion for a variety of digital assets.
It currently services over 200 countries and has several hundred physical agent locations comprising of local stores and paypoints for individuals to receive money.
Explaining the impact of the network, Devin continued:
Separately, we are excited to announce our Digital Asset Network, a solution for the last mile of the crypto journey by partnering with wallets and wallet providers to provide customers with seamless access to cash off-ramps for digital assets by leveraging our global network.
Western Union has been keeping a close eye on the rise of stablecoins in the last couple of months and since the pass of the Genius Act, has made several references to having a more proactive engagenement with the space in discussions from quarterly reportings.
This follows a close trendline with fellow competitors MoneyGram and Remitly, who have also made strides in 2025 to enable the adoption of stablecoins for cross-border payments.
