Western Union Launches USDPT Stablecoin

Western Union has launched its USDPT stablecoin, bringing blockchain-based settlement to its remittance business.

Calling the launch “a major milestone in the company’s evolution toward regulated, digital‑first financial infrastructure,” Western Union said in a statement that USDPT will reinforce its “role as a global payments platform.”

Western Union plans to roll out USDPT payments to 40 of the more than 200 countries it serves in 2026, starting with Bolivia and the Philippines. This will come via its Stable by Western Union digital wallet and debit card service, focused on inflation-sensitive regions.

USDPT is a dollar-denominated and backed stablecoin issued by Anchorage Digital Bank, and built on the Solana blockchain.

“USDPT reinforces Western Union’s role as a global payments platform,” said Devin McGranahan, Western Union’s president and CEO. “By integrating a regulated digital dollar directly into our network, we’re creating a more efficient settlement layer that supports partners, agents, and future consumer use cases — all while preserving the trust and scale that define our brand.”

Western Union is not the only global remittance company planning to use stablecoins to move money across borders. MoneyGram has partnered with the Stellar blockchain to bring USDC stablecoin payments to its network, starting with Colombia and El Salvador, and rolling out across Central and South America throughout the year. And Early Warning Services, the bank-owned operator of Zelle, announced a new initiative to leverage stablecoins for faster and more reliable cross-border money transfers this past fall.

The global remittance market reached $905 billion in 2024, up 4.6%, according to Visa.

Western Union said the stablecoin’s launch “reflects a broader shift in how global payments are evolving, as established financial institutions adopt regulated digital assets as core infrastructure going forward.”

Western Union is planning to make USDPT available for purchase on major cryptocurrency exchanges, and to connect them to its global payout and liquidity infrastructure.