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Western Union has introduced the USDPT stablecoin on the Solana blockchain., 2026/05/05 04:47:23
The American payment system Western Union has announced the introduction of its stablecoin USDPT on the Solana blockchain. The token is issued by Anchorage Digital and is backed by US dollars.
According to Devin McGranahan, the president and CEO of Western Union, the stablecoin will be integrated into the company’s existing payment systems. With USDPT, the company aims to connect modern cryptocurrency exchanges and custodial services to its 175-year-old infrastructure.
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“USDPT reinforces Western Union’s position as a global payment platform. By integrating a regulated digital dollar directly into our network, we are establishing a more efficient level of transactions that supports partners, agents, and future use cases for consumers,” stated McGranahan.
Lily Liu, president of the Solana Foundation, mentioned that the use of stablecoins in global payment operations necessitates infrastructure that ensures continuous availability “while also meeting institutional standards.” According to Lily, Solana is a reliable blockchain for financial transactions.
Recently, the Central Bank of Brazil prohibited the use of stablecoins and any other cryptocurrencies for international transfers.
