According to Business Wire, Western Union launched USDPT, a U.S. dollar-backed stablecoin on Solana, on Monday. The token will be fully backed by U.S. dollars and issued by Anchorage Digital Bank N.A., with Fireblocks providing wallet and settlement infrastructure. Western Union will initially roll out USDPT in the Philippines and Bolivia, designed to enable near-instant 24/7 transfers between the company and its global agents across more than 200 countries. The asset will support treasury management, transaction settlements, and the company’s consumer-facing “Stable by Western Union” feature launching in 2026 across more than 40 countries.
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