Terry KS Western Union has announced plans to launch its first U.S. Dollar Payment Token (USDPT) and a new Digital Asset Network, leveraging Solana blockchain and Anchorage Digital Bank to enhance global money movement with compliant, secure, and low-cost digital asset solutions.
MALAYSIA, 29 OCTOBER 2025 – The Western Union Company (NYSE: WU) has revealed its upcoming venture into the digital asset space with the launch of the U.S. Dollar Payment Token (USDPT) and a pioneering Digital Asset Network designed to connect the digital and fiat financial ecosystems. Scheduled for release in the first half of 2026, USDPT will be built on the Solana blockchain and issued by Anchorage Digital Bank, marking Western Union’s most significant step yet toward integrating blockchain technology into its global financial operations.
The initiative combines Western Union’s global money transfer infrastructure, Solana’s high-speed blockchain performance, and Anchorage Digital’s regulated stablecoin issuance and custody expertise. Through USDPT, Western Union customers will be able to send, receive, spend, and hold digital dollars with ease, all within a compliant and secure framework backed by the company’s established risk and governance systems.
“We are committed to leveraging emerging technologies to empower our customers and communities,” said Devin McGranahan, President and CEO of Western Union. “As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins. Alongside our new Digital Asset Network, we will offer customers seamless access to cash off-ramps for digital assets, furthering our mission to make financial services accessible to people everywhere.”
Western Union’s Digital Asset Network will work with partner wallets and providers to deliver real-world utility for digital assets, particularly in regions where access to traditional financial infrastructure is limited. This “last mile” solution aims to simplify digital-to-cash conversion, bridging global currencies like the U.S. dollar to local spending needs.
The decision to build on Solana and issue through Anchorage Digital Bank reflects a shared goal of creating a compliant, secure, and scalable framework for global digital payments. By focusing on institutional-grade security, regulatory adherence, and seamless user experience, Western Union hopes to strengthen trust in digital transactions while lowering remittance costs.
As global commerce continues to evolve, Western Union’s USDPT and Digital Asset Network could redefine cross-border money movement — merging blockchain efficiency with the accessibility and reliability of traditional finance.