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Western Union, the world's oldest money transfer company, officially announced on October 28, 2025, that it will launch its USD-pegged stablecoin, USDPT (U.S. Dollar Payment Token), on the Solana blockchain in the first half of 2026. Partnering with Anchorage Digital Bank, the company will issue the stablecoin in a federative regulated manner.
USDPT will integrate with Western Union's 600,000+ agents and digital network in over 200 countries. Prepaid cards are also planned to protect the purchasing power of remittance recipients in high-inflation countries (e.g., Argentina). Solana's low fees and high speed will reduce traditional banking costs.
This move could revolutionize the $860 billion global remittance market. Western Union aims to capture economic value with its own token against competitors like USDC/PYUSD. This is one of TradFi's biggest steps into the crypto world.
$SOL