Western Union Rolls Out USDPT With Anchorage on Solana

TLDR

• Western Union has launched USDPT, a U.S. dollar-backed stablecoin built on the Solana blockchain.
• Anchorage Digital Bank N.A. will issue USDPT as a federally regulated crypto bank in the United States.
• Western Union will initially roll out USDPT in the Philippines and Bolivia.
• The company designed USDPT to support near-instant, 24/7 settlements across its global agent network.
• Fireblocks will provide wallet, settlement, and financial operations infrastructure for the stablecoin.

Western Union has introduced USDPT, a U.S. dollar stablecoin built on Solana for global settlements. The company will start distribution in the Philippines and Bolivia before wider expansion. Anchorage Digital Bank N.A. will issue the token, while Fireblocks will support wallet and settlement operations.

Western Union Integrates USDPT into Cross-Border Settlement Network

Western Union designed USDPT as a fully dollar-backed payment stablecoin for institutional and agent settlements. Anchorage Digital Bank N.A., a federally regulated crypto bank, will issue the asset. The company built the token on the Solana blockchain to enable continuous transfers.

The company will launch USDPT in the Philippines and Bolivia during the initial phase. It plans to expand access through licensed virtual currency exchanges in multiple regions. Through this structure, Western Union will connect exchanges and custodians to its payout network.

USDPT will support treasury management and agent settlements across more than 200 countries. The company expects near-instant transfers between Western Union and its global agents. This approach will allow the firm to manage liquidity and reduce idle balances.

Nathan McCauley, Co-Founder and CEO of Anchorage Digital, addressed the regulatory framework. He said, “As a federally chartered bank, we provide that foundation, allowing USDPT to function as trusted infrastructure.” He emphasized that operational rigor remains central to the rollout.

Lily Liu, President of Solana Foundation, described the blockchain’s role in the project. She said Solana’s high-throughput design supports global payments without interruption. She stated that the network delivers the speed required for financial settlement.

USDPT Rollout Aligns with Expanding Stablecoin Market Activity

Western Union will make USDPT available on licensed exchanges as part of its Global Exchange Support plan. It will also create a Digital Asset Network linking exchanges and custodians to its payout system. These services aim to extend digital value into cash-based environments.

The company will launch “Stable by Western Union” in 2026 across more than 40 countries. This feature will enable consumer-facing spending capabilities using USDPT. The rollout will move the asset beyond institutional settlement into consumer applications.

The total supply of U.S. dollar-backed stablecoins has surpassed $300 billion. Tether’s USDT accounts for about $189.6 billion of that supply. Circle’s USDC represents approximately $77.6 billion of the market.

Visa also expanded its stablecoin operations in recent weeks. The payments company reported a $7 billion annualized run rate from its pilot program. It now supports nine blockchains and over 130 stablecoin-linked card programs across more than 50 countries.

Western Union confirmed that Anchorage will issue USDPT on regulated infrastructure. Fireblocks will provide wallet, settlement, and financial operations technology. The company stated that USDPT will operate as an always-on settlement asset within its payment systems.

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