Funds large Western Union (NYSE:WU) is making a significant leap into crypto, saying plans to launch a U.S. greenback–backed stablecoin, USDPT, on the Solana (CRYPTO: SOL) blockchain within the first half of 2026.
What Occurred: The stablecoin can be issued by Anchorage Digital Financial institution and goals to offer quicker, cheaper cross-border transfers for Western Union’s 100 million world clients whereas minimizing foreign money volatility, the Wall Road Journal reported.
This marks Western Union’s most vital shift towards digital belongings but, aligning with the GENIUS Act, which established a regulatory framework for stablecoins.
The agency additionally plans to develop a digital asset community connecting crypto wallets with its greater than 400,000 world retailers, permitting simple conversion between digital and native currencies.
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Why It Issues: Western Union joins PayPal (NASDAQ:PYPL) and MoneyGram in embracing blockchain-primarily based funds.
Through the use of Solana’s excessive-velocity community and Anchorage’s federally chartered banking infrastructure, the corporate goals to modernize its remittance operations and scale back reliance on conventional banking rails.
Executives revealed through the Q3 earnings name that Western Union has been testing stablecoins in treasury operations to speed up settlement and enhance effectivity.
In parallel, Japan lately noticed the launch of its first Yen-pegged stablecoin, signaling a broader world transfer towards regulated digital currencies even in historically money-dominant markets.
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