Western Union (WU) shares rose 6.5% on Tuesday after the company announced plans to introduce the U.S. Dollar Payment Token (USDPT) on Solana, issued by Anchorage Digital Bank, along with a crypto off-ramp network called the Digital Asset Network. The move underscores that stablecoins are an opportunity, not a threat, for remittance firms that embrace innovation, according to investment bank William Blair. The bank's analysts expect more details at Western Union’s Nov. 6 investor day but said stablecoin ...

Western Union (NYSE: WYU), one of the world’s oldest payments companies, has announced plans to launch its own U.S. dollar–backed stablecoin, marking a bold new chapter in its 175-year history. The stablecoin, dubbed the U.S. Dollar Payment Token (USDPT), will be built on the Solana blockchain and issued by Anchorage Digital Bank, the first federally chartered crypto bank in the United States. The company described USDPT as part of a broader “Digital Asset Network,” designed to bridge fiat and digital cu ...

Core Insights - Western Union plans to launch a new stablecoin, the U.S. Dollar Payment Token (USDPT), built on Solana and issued by Anchorage Digital Bank, aiming to reshape global money movement [2][3] - The company is also introducing a Digital Asset Network designed to bridge digital and fiat currencies, enhancing real-world utility for digital assets [4] Group 1: Stablecoin Launch - The USDPT is expected to be launched in the first half of 2026, allowing users to access it through partner exchanges [3] - The stablecoin aims to empower customers and communities by enabling Western Union to control the economics linked to stablecoins [4] Group 2: Digital Asset Network - The Digital Asset Network will facilitate seamless access to cash off-ramps for digital assets by partnering with wallets and wallet providers [4] - This initiative is seen as a solution for the last mile of the crypto journey, leveraging Western Union's global network [4] Group 3: Market Strategy - The company is exploring non-U.S. markets, viewing the stablecoin as a potential savings account in U.S. dollars for customers in countries with favorable regulations [5] - In a previous earnings report, Western Union highlighted opportunities in using stablecoins for remittances, aiming to reduce friction in cross-border transfers and enhance crypto capabilities in its digital wallet [6]

Western Union (WU) is planning to launch a stablecoin for its 100 million-user payment network, becoming the latest traditional finance firm tapping blockchain rails to power global transfers. The company, known for cross-border payments and cash network among retail customers, plans to roll out the U.S. Dollar Payment Token (USDPT) in the first half of next year, according to a Tuesday press release. The token will be issued by Anchorage Digital, a federally regulated digital asset bank, using the Solan ...

Oct 28, 2025 1:15 PM Eastern Daylight Time Western Union Announces USDPT Stablecoin on Solana and Digital Asset Network Share Leveraging Solana and Anchorage Digital, Western Union aims to redefine how the world moves money DENVER--(BUSINESS WIRE)--The Western Union Company ("Western Union†) (NYSE: WU) today announced its plan to launch U.S. Dollar Payment Token (USDPT), its new stablecoin, and an innovative Digital Asset Network designed to bridge the digital and fiat worlds, enabling real world utility ...