Western Union launches USDPT, a Solana-based USD stablecoin for instant global settlements.

Western Union has introduced USDPT, a U.S. dollar-backed stablecoin built on the Solana blockchain, aimed at enabling near-instant, 24/7 settlements across its global agent network. Issued by federally regulated Anchorage Digital Bank N.A., USDPT will initially roll out in the Philippines and Bolivia before expanding to more regions via licensed exchanges. The stablecoin supports treasury management and agent settlements in over 200 countries, improving liquidity management and reducing idle balances. Western Union plans to extend USDPT for consumer use by 2026, integrating it into a broader digital asset network for global payments and settlements.