Leveraging Solana and Anchorage Digital, Western Union aims to redefine how the world moves money
DENVER--(BUSINESS WIRE)--The Western Union Company (“Western Union”) (NYSE: WU) today announced its plan to launch U.S. Dollar Payment Token (USDPT), its new stablecoin, and an innovative Digital Asset Network designed to bridge the digital and fiat worlds, enabling real world utility for digital assets. Built on Solana and issued by Anchorage Digital Bank, Western Union aims to launch USDPT, expanding the ways to move money for customers, agents and partners, and to support the company’s treasury capabilities.
This brings together Western Union’s global digital footprint, Solana’s high-performance blockchain technology, and Anchorage Digital’s industry-leading federally regulated stablecoin issuance platform and digital asset custody solutions. Western Union will provide users with access to digital assets, and will enable the ability to send, receive, spend and hold USDPT through a seamless user experience supported by the company’s global compliance and risk capacities.
“We are committed to leveraging emerging technologies to empower our customers and communities,” said Devin McGranahan, President and CEO of Western Union. “As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins. 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. Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”
Western Union anticipates that USDPT will be available in the first half of 2026. The company plans for users to access USDPT via partner exchanges, allowing broad accessibility and ease of use.
Western Union’s decision to build on Solana and issue with Anchorage Digital Bank is driven by a shared vision of modernizing financial infrastructure and expanding digital asset adoption on a global scale and in a regulatory compliant manner. By integrating with partners who aim to provide institutional grade security measures and compliance protocols, Western Union aims to ensure safety and reliability are core to the customer experience and that the company fosters trust and confidence among users around the world.
Digital commerce has resulted in the world coming closer together, but access to cash remains localized. Western Union anticipates that its USDPT stablecoin and Digital Asset Network have the potential to fundamentally reshape how money moves worldwide. Linking global currencies like the U.S. dollar directly to local spending needs, Western Union aspires to expand how the world sends money by enabling compliant and secure digital movement across borders with certainty, trust and at a lower cost, all powered by USDPT.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.
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Contacts
Western Union Contacts:
Media Relations:
Amanda Demarest
media@westernunion.com