DENVER, April 30, 2026 – Western Union is moving into the digital asset space with the launch of its own stablecoin next month. The company's president and CEO, Devin McGranahan, confirmed the news during a first-quarter earnings call for 2026. The new digital token is called USDPT, which stands for U.S. Dollar Payment Token. It is designed to be backed by the U.S. dollar and will run on the Solana blockchain.
The project involves a partnership with Anchorage Digital Bank. Anchorage is a federally chartered bank that handles crypto assets, and it will serve as the official issuer of the USDPT token. This move is part of a larger plan Western Union calls its Digital Asset Network, or DAN. This new system is built to connect digital crypto wallets directly to the company's massive network of physical locations. By using a single API (a set of tools that lets different software programs talk to each other), Western Union aims to help people turn digital assets into local cash at their retail desks.
When USDPT launches in May 2026, it will not be available to regular customers right away. According to reports from Unchained and Rare Evo, the company is starting with internal uses. Specifically, the token will help Western Union move money between its different agents around the world. Currently, most global money transfers go through a system called SWIFT (a messaging network that banks use to send and receive information about financial transactions). Western Union plans to use its new Solana-based token as a faster and cheaper way to settle these payments compared to the traditional banking methods they use now.
The company is also working on a new product for regular consumers. Later this year, Western Union expects to release a "USD Stable Card." This card is designed for people living in places where money loses its value quickly because of high inflation. These markets, especially in Latin America, will be the main target for the card. It will allow users to hold their money in stable, dollar-linked values. They can then spend that money at any store or business that accepts standard card payments.
McGranahan shared these updates while discussing the company's financial performance. Western Union reported total revenue of $983 million for the first quarter of the year. The CEO explained that the company is focused on how quickly it can grow its presence in the digital asset market. He noted that combining Solana's fast technology with the regulated oversight of Anchorage Digital Bank is a major part of their future plans.
While the "Stable Card" will eventually reach individual users, the immediate focus remains on the "Digital Asset Network" infrastructure. By bridging the gap between digital wallets and physical cash-out points, the company hopes to modernize how its global network operates. The use of the Solana blockchain is intended to provide the high-performance speed needed for these types of financial settlements. For now, the May launch of USDPT marks the first official step in this transition from traditional wire transfers to blockchain-based settlements.
Sources
Unchained Crypto (Published/Updated: April 27, 2026, 06:31 am EST)
Bitcoin Foundation (Published/Updated: April 27, 2026)
Public Technologies (PUBT) (Published/Updated: April 28, 2026)
Rare Evo (Published/Updated: April 29, 2026)
