Solana has secured one of its most significant institutional endorsements to date as global remittance leader Western Union announced plans to launch a U.S. dollar-backed stablecoin, the USDPT, on the Solana blockchain.
The initiative, developed in partnership with Anchorage Digital Bank, will see Western Union integrate blockchain-based transfers into its global remittance operations spanning over 200 countries.
The stablecoin, expected to debut in the first half of 2026, will form the foundation of Western Union’s new Digital Asset Network — a platform designed to facilitate instant, low-cost cross-border transactions using tokenized U.S. dollars.
Through this development, Western Union aims to modernize its global payment ecosystem by combining blockchain efficiency with its extensive on-ground presence of more than half a million agent locations.
The USDPT stablecoin will allow customers to send, receive, and store funds digitally while retaining access to traditional cash-in and cash-out options, ensuring inclusivity across both developed and emerging markets.
For Solana, the partnership represents a validation of its position as a high-performance blockchain suited for enterprise-scale financial applications.
Known for its low transaction fees and high throughput, Solana continues to attract institutional projects seeking fast, scalable, and cost-effective settlement infrastructure.
The addition of Western Union’s USDPT to its ecosystem strengthens Solana’s credentials as a preferred network for global payments and remittances.
Anchorage Digital’s participation ensures the project remains within the U.S. regulatory perimeter, with the bank managing issuance, custody, and reserve compliance for the stablecoin.
This regulated approach is expected to boost confidence among financial institutions and regulators as blockchain-based settlement systems gain traction.
Industry observers view the partnership as a pivotal moment in the evolution of digital payments.
It demonstrates how legacy financial institutions are adapting blockchain technology to drive cost efficiency, transparency, and speed in cross-border transactions — areas traditionally constrained by correspondent banking systems.