Western Union Unveils Solana-Powered Stablecoin by 2026: A New Chapter for Global Remittances

Western Union is set to launch a Solana-based stablecoin, USDPT, in 2026, aiming to revolutionize global remittances. The initiative, partnering with Anchorage Digital Bank, leverages the speed and efficiency of blockchain technology to streamline transactions. This move could significantly impact existing stablecoins like USDT and USDC, potentially offering lower-cost transfers. Anchorage’s regulatory compliance ensures a secure framework for this endeavor. Western Union’s President & CEO, Devin McGranahan, highlights that this digital integration aligns with their longstanding tradition of technological innovation.