Western Union's Solana stablecoin USDPT set to launch next month

Western Union CEO Devin McGranahan confirmed that USDPT — the company's U.S. dollar-backed stablecoin built on Solana — is in final preparation and on track to launch next month. The token is designed as a direct alternative to SWIFT for agent settlements, rolling out initially in select countries with key partners before a broader expansion.

Alongside USDPT, Western Union is launching the Digital Asset Network, a bridge connecting crypto wallets to its existing retail and agent infrastructure — a move that could bring on-chain settlement rails to one of the world's largest remittance networks. A USD Stable Card is also planned for rollout across dozens of markets later this year.

For Solana, landing a payments incumbent of Western Union's scale is a meaningful signal: it validates the chain's throughput and cost profile for high-volume, low-margin remittance flows where every basis…