The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

CryptoMediumUpdated×14•Originally published 4 May 2026•Updated 6 May 2026•

1 min read

Western Union Launches USDPT Stablecoin on Solana to Advance Digital Payments

Key Facts

1Western Union announced the launch of USDPT, its U.S. dollar-denominated payment stablecoin built on the Solana blockchain.

2The stablecoin is issued by Anchorage Digital Bank N.A., the first federally regulated crypto bank in the United States.

29 days ago

Version History

6 additional sources confirmed this story

Version 1429 days ago

What changed: Identified specific target markets (Bolivia and Philippines) and the scale of the potential user base (130 million people) for the expansion.

Version 1329 days ago

What changed: Added comments from SoFi's Ben Reynolds regarding the technical rationale for selecting the Solana blockchain.

Version 1229 days ago

What changed: Updated the story to include SoFi's announcement of launching the SoFiUSD stablecoin on the Solana network and its integration with Mastercard.

Version 1130 days ago

What changed: The new report confirms that this deployment is Western Union's first official venture into blockchain-enabled payment solutions within its global ecosystem.

Version 1030 days ago

What changed: Added information regarding the enhancement of Solana's institutional credibility and the potential for broader digital payment adoption.

Version 9about 1 month ago

What changed: Added regulatory context regarding the US GENIUS Act and its impact on the remittance sector.

Version 8about 1 month ago

What changed: Official confirmation from the CEO regarding the integration of the USDPT stablecoin into the company's payment rails.

Version 7about 1 month ago

What changed: Added information regarding the launch of a new consumer spending product powered by USDPT across more than 40 countries.

Version 6about 1 month ago

What changed: Identified Anchorage Digital Bank as the official issuer of the USDPT token and clarified the scale of the physical network integration reaching 500,000 locations.

Version 5about 1 month ago

What changed: New details clarify that the USDPT stablecoin will specifically target agent settlement and consumer spending products to optimize treasury liquidity.

Version 4about 1 month ago

What changed: Confirmed the official timing of the announcement as Monday, providing a specific timeframe for the launch.

Version 3about 1 month ago

What changed: Updated to include support for 24/7 settlements across more than 200 countries.

Version 2about 1 month ago

What changed: Added details regarding the strategic intent to replace SWIFT settlements for cost reduction and updated SOL market price action and resistance levels.

Version 1about 1 month ago

What changed: Western Union partnered with Fireblocks for technical infrastructure and identified the Philippines and Bolivia as initial markets ahead of a 2026 global rollout.

Western Union CEO Devin McGranahan has confirmed the integration of the USDPT stablecoin via the Solana network, with a new expansion targeting the Bolivian and Philippine markets to serve a potential user base of 130 million people. In a significant move, SoFi has also launched its SoFiUSD stablecoin on Solana, citing the network's high processing capacity and low transaction costs. This development follows the integration of trading services with Mastercard, reflecting a broader industry pivot spurred by the crypto-friendly GENIUS Act in the U.S. These initiatives, supported by partners like Anchorage Digital and Fireblocks, aim to modernize legacy SWIFT systems with 24/7 settlement capabilities by 2026. The dual adoption by Western Union and SoFi significantly enhances Solana's institutional credibility as a preferred infrastructure for regulated digital dollar solutions.