Payments giant Western Union is making a decisive leap into the digital asset space with plans to launch its own stablecoin, USDPT, in early 2026, according to an announcement released on Tuesday.
The token will be created on the Solana blockchain and issued by Anchorage Digital Bank.
The move marks a strategic shift for the company, which is leveraging its global regulatory compliance framework to offer users the ability to "send, receive, spend, and hold" the stablecoin.
The announcement follows the release of the company's third-quarter results, which revealed that digital wallets and account-based payments now make up the majority of its digital transactions, underscoring the shift toward digitally-first financial solutions.