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Western Union Sets May Launch for USDPT Stablecoin on Solana

The remittance giant is starting with agent settlement to speed cross-border payouts.

Overview

  • Western Union said its dollar-pegged USDPT is in final preparation for a May 2026 debut on Solana with Anchorage Digital Bank as the issuer.
  • At launch the token will serve as a settlement rail for partner agents in select corridors rather than a consumer coin.
  • Executives frame USDPT as a faster alternative to SWIFT that can keep processing during bank closures.
  • The company is also rolling out a Digital Asset Network that will connect crypto wallets to more than 360,000 cash pickup locations, with the first partner expected to go live within days.
  • A USD Stable Card is planned for later in 2026 to let people hold stablecoin balances and spend globally, which could help users in markets facing currency declines.