Western Union’s USDPT Stablecoin to Go Live on Solana by 2026
On Tuesday, Western Union confirmed the launch of its Digital Asset Network and Anchorage Digital's USDPT stablecoin on the Solana...
Quick overview
- Western Union has launched its Digital Asset Network and the USDPT stablecoin on the Solana blockchain, set to activate in the first half of 2026.
- The Digital Asset Network will serve as a cash off-ramp for over 150 million users across more than 200 countries.
- CEO Devin McGranahan emphasized that Solana was chosen for its suitability in developing an institutional-ready stablecoin platform.
- The move aligns with a growing trend among financial institutions adopting stablecoins, following similar initiatives by competitors like MoneyGram and PayPal.
On Tuesday, Western Union confirmed the launch of its Digital Asset Network and Anchorage Digital’s USDPT stablecoin on the Solana blockchain. The company intends to activate the network in the first half of 2026, putting USDPT into circulation through partner exchanges.
This approach is consistent with the trend of established financial institutions embracing stablecoins, with competitors such as MoneyGram and PayPal already implementing similar technologies.
It's official:@WesternUnion, the world's largest money transfer business, is building exclusively on Solana. 🔥 pic.twitter.com/dJMnKN5EY4
— Solana (@solana) October 28, 2025
The company stated that the Digital Asset Network will act as a cash off-ramp for the remittance platform’s more than 150 million users, who are scattered across more than 200 countries and territories.
Western Union CEO Devin McGranahan said at the Money 20/20 USA conference in Las Vegas on Tuesday that his team considered numerous other options before deciding on Solana as the “right choice” for developing an institutional-ready stablecoin platform.
"For 175 years, we've been connecting people, moving $150 billion a year. Digital assets is the next evolution.
We looked at alternatives, and came to the conclusion that Solana was the right choice."
– Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
— Solana (@solana) October 28, 2025
Western Union Integrates USDPT Stablecoin into Global Payment and Off-Ramp Network
The company’s US Dollar Payment Token (USDPT) will be developed on Solana and issued by Anchorage Digital Bank. Western Union will give users access to digital assets and the ability to transmit, receive, spend, and store USDPT.
Western Union announced that the stablecoin will be available through partner exchanges and incorporated into a new digital asset network that connects crypto wallets to its 400,000 retail locations worldwide.
According to the Wall Street Journal, Western Union CEO Devin McGranahan described the launch as a natural extension of the company’s 175-year legacy of connecting people through technology.
Devin McGranahan, President and CEO of Western Union, stated that Western Union’s USDPT will enable us to own the economics associated with stablecoins. In the meantime, the Digital Asset Network will focus on cash off-ramps through agreements with wallet providers.
Separately, we are pleased to launch our Digital Asset Network, which partners with wallets and wallet providers to enable clients with frictionless access to currency off-ramps for digital assets through our global network, he added.
The rise in stablecoin use corresponds with more legislative clarity in the United States, after President Donald Trump’s signing of the stablecoin-focused GENIUS Act into law in July.
Last week, McGranahan stated that Western Union first avoided cryptocurrency owing to worries about market volatility, legal uncertainty, and client protection, but the enactment of the GENIUS Act changed that approach.
The US Treasury Department reported in April that the stablecoin market was valued $311.5 billion and expected to reach $2 trillion by 2028.
Western Union’s entry into the stablecoin market comes little over three months after it hinted at ambitions to incorporate stablecoins in July.
Helius Labs Boosts Solana’s Speed with New gTFA Query Tool as Network Throughput Climbs
Helius Labs has launched a new Remote Procedure Call technique called getTransactionsForAddress (gTFA) to coincide with Solana’s blockchain expansion. This allows the 493 billion transactions on Solana to be searched in almost 8 milliseconds (ms), for a total capacity of more than 2.3 trillion transactions.
The biggest Solana news today wasn’t Grayscale or Western Union
It was @heliuslabs making 493 billion transactions searchable by account at Web2 speed
IBRL, from writes to reads 🏎️ https://t.co/iJcFcIJja6
— Solana (@solana) October 29, 2025
Meanwhile, Chainspect data suggest that the Solana blockchain has a real-time throughput of 912 transactions per second (TPS), trailing only the Internet Computer (ICP) with 1,032 TPS.
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