Western Union Launches USDPT Stablecoin on Solana, Issued by Anchorage Digital Bank

According to its statement on Monday, Western Union launched USDPT, a U.S. dollar-backed stablecoin on the Solana blockchain designed to enable 24/7 cross-border settlements across its network spanning more than 200 countries. The token will be issued by Anchorage Digital Bank N.A., the first federally regulated crypto bank in the United States, with Fireblocks providing wallet and settlement infrastructure. Western Union will initially roll out USDPT in the Philippines and Bolivia, supporting treasury management and near-instant transfers between the company and its global agents.