Key Takeaways
Western Union will launch the USDPT stablecoin on Solana in 2026 to facilitate worldwide cash transfers.
USDPT is backed by the US greenback and issued by Anchorage Digital Financial institution to scale back prices and velocity up settlements.
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Western Union plans to launch a dollar-backed stablecoin named U.S. Greenback Cost Token (USDPT) on the Solana blockchain, in response to the Wall Avenue Journal.
The initiative, scheduled for the primary half of 2026, goals to facilitate worldwide cash transfers for its 100 million clients, providing benefits corresponding to decreased prices and sooner transaction instances. The stablecoin shall be issued by Anchorage Digital Financial institution and accessible through accomplice exchanges.
CEO Devin McGranahan mentioned in a July interview with Bloomberg’s ‘The Shut’ that the corporate was trying to improve its world fee techniques with stablecoin capabilities to allow faster and extra dependable cross-border transactions.
