Western Union launches USDPT stablecoin on Solana for 24/7 cross-border settlement!

Western Union has introduced USDPT, a U.S. dollar-denominated stablecoin on Solana, positioning it as a round-the-clock settlement asset across its payment network spanning more than 200 countries. The token is issued by Anchorage Digital Bank N.A. — the first federally chartered crypto bank in the United States — with Fireblocks providing wallet, settlement, and treasury operations infrastructure.

The initial rollout targets the Philippines and Bolivia, with a consumer-facing "Stable by Western Union" feature set to launch across 40-plus countries in 2026. USDPT will be fully dollar-backed and made available on licensed virtual currency exchanges to expand access to Western Union's global liquidity rails.

The move lands as total USD-backed stablecoin supply has crossed $300 billion, a market still dominated by Tether's USDT at $189.6 billion and Circle's USDC at $77.6 billion…