Overview
- Western Union outlined the USDPT stablecoin and Digital Asset Network during its Q3 call and at Money20/20, targeting a first-half 2026 debut on Solana.
- The company plans access through partner exchanges, with cash conversions available across roughly 380,000 agent locations to provide global on- and off-ramps.
- Pilots using stablecoins for value transfer are underway to reduce reliance on correspondent banking, shorten settlement times and improve capital efficiency.
- Executives said Solana was selected for speed and low costs after evaluating multiple blockchains, while regulatory approvals, reserve audits and scale testing remain in progress.
- William Blair viewed the move as a constructive step for remittances, noting a post-announcement rise in WU shares and signaling more details at the Nov. 6 investor day.