Western Union

Remittance, USDPT stablecoin, cross-border payments

USpublicest. 1851westernunion.com (opens westernunion.com)Checked 11 Oct

The brief

Analyst view
  • Launched USDPT stablecoin on Solana in May 2026, issued by Anchorage Digital Bank.
  • Initial rollout in Bolivia and Philippines reached 130M people; expansion to 40+ countries.
  • Enables 24/7 on-chain settlement with agents, removing dependence on banking hours.

Technical approach

As reported
Settlement

On-chain agent settlement

USDPT settles payments with global agents around the clock, removing banking hour delays.

Issuance

Regulated stablecoin issuance

Anchorage Digital Bank mints and backs USDPT. Fireblocks provides settlement infrastructure.

Distribution

Agents and exchanges

Distributed via global agent network and licensed crypto exchanges. Agents can cash out at existing facilities.

Primer