Western Union Targets May Launch for USDPT Stablecoin as Digital Asset Strategy Expands

Western Union is preparing to roll out its US dollar-backed stablecoin, USDPT, with a planned launch expected in May, according to CEO Devin McGranahan. Speaking during the company’s first quarter earnings call, McGranahan said the firm has reached a turning point in its digital asset strategy, shifting focus from whether to adopt crypto to how quickly it can scale its services.

At the core of the strategy is USDPT, which is being built on the Solana blockchain and issued by Anchorage Digital Bank. Exchange partners are expected to support access, conversion and distribution of the token, while banking partners in priority payment corridors will enable direct settlement and treasury operations. These partnerships are designed to position USDPT as a central asset for expanding digital payments across Western Union’s global platform.

The company also confirmed progress on its digital asset network, which is set to add its first partner soon and aims to connect tens of millions of crypto wallets. The system will allow users to convert digital dollars into local currency across more than 360,000 collection points worldwide. In addition, Western Union plans to introduce a US dollar stable card later this year, enabling customers to hold and spend stablecoins directly.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.