Western Union Launches USDPT Stablecoin on Solana for Global Payments

• Western Union launched USDPT on Solana as its first on-chain settlement move.
• Initial rollout of USDPT is in Bolivia and the Philippines, targeting 130 million users.
• USDPT will connect to licensed crypto exchanges and Western Union’s liquidity network.

Western Union has launched USDPT, a US dollar-backed stablecoin built on the Solana blockchain. This marks the company’s first direct move into blockchain-based payments and on-chain settlement.

USDPT is issued by Anchorage Digital Bank, the first federally regulated crypto bank in the US. Fireblocks provides wallet and settlement infrastructure, supporting transaction flow across the network.

The stablecoin is fully backed by US dollars and designed for real-world payments. It enables 24/7 settlement without delays. Lily Liu, President of the Solana Foundation, said, 

“Solana’s high-throughput, low-l…

Read The Full Article Western Union Launches USDPT Stablecoin on Solana for Global Payments On Coin Edition.