- The USDPT stablecoin will run on Solana and be issued via Anchorage Digital.
- Implementation is planned for May 2026 after final planning.
- Western Union connects crypto wallets to its global network.
Western Union officials, during Western Union’s first quarter earnings call, announced that the company is approaching the launch of its USDPT stablecoin on the Solana blockchain, with a target release of May 2026.
The change comes after months of internal development around Western Union’s broader financial system, which aims to integrate blockchain sustainability with its already established global network.
USDPT moves from concept to near launch
USDPT, short for US Dollar Payment Token, is a dollar-denominated stablecoin designed to operate on the Solana network.
The token will be issued through the Anchorage Digital Bank, a government-run crypto institution in the United States.
This structure places the administrative control at the center of the project, while still allowing for the stability of the blockchain.
According to the details of Western Union, the stablecoin will be integrated into a new system called Digital Asset Network.
This network will connect crypto walletsexchange, and digital platforms directly to the Western Union money making system, which covers more than 200 countries and thousands of locations around the world.
The system is designed to allow users to move between digital dollars and physical currencies without relying on traditional banking agents.
Users will be able to send USDPT on-chain and withdraw local currency to Western Union locations.
Solana was selected for speed and scale
Solana has been chosen as the starting blockchain for USDPT due to its scalability and low cost.
The network can process thousands of transactions per second, and set the test time in seconds.
This is in line with Western Union’s demand for more money transfers.
In particular, Western Union handles millions of cross-border transactions annually, many of which involve the transfer of small amounts of money.
The company has shown that traditional settlement processes usually take several days and rely on several intermediary banks, while, in contrast, USDPT on Solana is expected to reduce settlement time to long-term execution and reduce operating costs.
Anchorage Digital Bank will handle issuance and custody, ensuring that each USDPT token will remain backed by legal US dollar reserves.
Opening date set for May 2026
While the previous guidelines placed the rollout within the first half of 2026, the latest changes reduce the time to May 2026.
The project is described as being in its final stages of planning, and combining technology with internet testing.
