Monetary providers firm Western Union has mentioned its forthcoming stablecoin settlement system will use the Solana blockchain.
Introduced throughout the firm’s third-quarter earnings name final week, the stablecoin system will include the US Greenback Fee Token (USDPT) and the Digital Asset Community, which will probably be inbuilt partnership with Anchorage Digital Financial institution, Western Union mentioned on Tuesday.
The corporate expects that USDPT will launch within the first half of 2026, offering buyer entry by means of associate exchanges to broaden accessibility, just like how the PayPal USD (PYUSD) stablecoin is listed on Binance and different exchanges.
It added that the Digital Asset Community will function a money off-ramp for the remittance platform’s greater than 150 million prospects, unfold throughout over 200 international locations and territories.
Talking on the Cash 20/20 USA convention in Las Vegas on Tuesday, Western Union CEO Devin McGranahan mentioned his staff in contrast many different alternate options and concluded that Solana was the “proper selection” for constructing an institutional-ready stablecoin platform.
“For 175 years, we have been connecting folks, transferring $150 billion a yr. Digital belongings is the subsequent evolution.
We checked out alternate options, and got here to the conclusion that Solana was the correct selection.”
– Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
— Solana (@solana) October 28, 2025
Conventional fee platforms are more and more exploring blockchain for cross-border remittances, with proponents saying the expertise is quicker, cheaper and extra clear than conventional fee rails.
Zelle, MoneyGram make stablecoin strikes
On Friday, the father or mother firm behind funds platform Zelle mentioned it might launch stablecoins to gasoline sooner cross-border funds, whereas MoneyGram introduced in mid-September that it might combine its crypto app in Colombia to supply a USDC (USDC) pockets for locals.
GENIUS Act boosts stablecoin plans
The rise in stablecoin adoption coincides with elevated regulatory readability within the US following the signing of the stablecoin-focused GENIUS Act into regulation by President Donald Trump in July.
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Final week, McGranahan mentioned Western Union initially avoided crypto on account of issues with market volatility, regulatory uncertainty and buyer safety, however passage of the GENIUS Act modified that course.
The US Treasury Division estimated in April that the stablecoin market was value $311.5 billion and is estimated to achieve $2 trillion by 2028.
Western Union’s transfer into the stablecoin area comes a bit of over three months after it first hinted at plans to combine stablecoins in July.
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