Western Union Launches Stablecoin on Solana with Anchorage: Shifting the Remittance Landscape

Western Union is taking a significant leap into the crypto sector by partnering with Anchorage Digital Bank to launch a dollar-backed stablecoin on the Solana blockchain. This groundbreaking project, slated for launch in the first half of 2026, aims to revolutionize global remittances by eliminating currency exchange risks. The partnership marks Western Union’s foray into the cryptocurrency realm and signals a shift towards institutional adoption of blockchain technology. This collaboration is expected to boost Solana’s network activity significantly and impact the financial sector as a whole.