Financial services company Western Union confirmed that it will launch its USDPT stablecoin in May 2026.
The announcement was made on April 24, 2026 with the presentation of first quarter resultswhere its CEO and president, Devin McGranahan, He assured that the project is in its final stage of development.
“It is no longer a question of whether Western Union will be present in the digital asset market, but rather how quickly we can scale,” the executive said. In turn, he clarified: “The basis of our strategy is USDPT, our stablecoin backed by the US dollar.”
The asset, called US Dollar Payment Token (USDPT), will be issued on the Solana network in partnership with Anchorage Digital Bankan entity with federal bank status in the United States, as reported by CriptoNoticias.
As McGranahan explained during the question and answer session, the stablecoin will not be aimed at the end user, but will function as a tool to optimize the company’s internal infrastructure.
Specifically, USDPT will operate as an alternative to the SWIFT network, the system that Western Union currently uses to settle transactions with its agents globally. “It will not be launched as a stablecoin for consumers, but as a settlement solution,” the CEO said.
The initial deployment will be carried out in selected countries together with strategic partners, with the aim of enabling settlements in digital environments that accelerate processing times. This system will operate continuously (24/7), even during bank holidays, which would represent an improvement over traditional schemes.
With this initiative, Western Union seeks to reduce operating costs and improve efficiency in its international transfer services. The company also aims to mitigate the risks associated with the volatility of local currencies, in a context where it serves more than 100 million customers in different markets.
The choice of Solana as infrastructure responds to the need to have a network capable of offering high performance and low transaction costs, key characteristics for high-volume operations such as those handled by the company.
The announcement comes at a time when traditional players in the financial system are advancing the integration of digital assets within their operations, not necessarily as user-facing products, but as tools to improve internal processes.