Western Union has announced the launch of USDPT, a dollar stablecoin on Solana. The issuer is Anchorage Digital Bank N.A., the only bank in the United States with a federal crypto license.
“Solana was chosen for its throughput and low latency — exactly what is needed for real-time settlements,” said Solana Foundation President Lily Liu.
According to the press release, the token is integrated into Western Union’s payment infrastructure and is designed to serve several functions at once: 24/7 settlements with agents worldwide, liquidity management without idle capital, as well as connecting licensed exchanges and custodians to the company’s global transfer network.
In 2026, Western Union plans to launch a consumer product called Stable by Western Union in more than 40 countries, allowing users to spend USDPT directly.
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