Western Union to Launch Solana-Based Stablecoin USDPT and 'Stable Card' in May

Western Union announces the May 2026 launch of USDPT, a Solana-based stablecoin issued by Anchorage Digital Bank, designed to serve as an alternative to SWIFT for settling with its global agent network. The company also plans to introduce a USD Stable Card later in 2026 across dozens of markets, enabling consumers to hold and spend stablecoins globally. Western Union's Digital Asset Network will onboard its first partner following the Q1 2026 earnings call, creating a bridge between cryptocurrency wallets and its physical retail locations. The move comes as Western Union reported $983 million in adjusted Q1 2026 revenue, down 1% year-over-year but showing 400-basis-point improvement from Q4 2025, while competitors like Wells Fargo and Citi also explore stablecoin offerings for cross-border payments.

Western Union's USDPT Stablecoin Launch on Solana

• ▪Anchorage Digital Bank will serve as the issuer for Western Union's USDPT stablecoin
• ▪Western Union's USDPT stablecoin is in the final stages of preparation as of the Q1 2026 earnings call
• ▪Western Union's USDPT stablecoin was first announced in October 2025
• ▪Western Union's USDPT stablecoin is expected to launch in May 2026
• ▪Western Union's USDPT stablecoin is designed specifically for settling with Western Union's global agent network rather than as a consumer-facing product

Digital Asset Network and Consumer-Facing Products

• ▪Western Union reported adjusted revenue of $983 million in the first quarter of 2026
• ▪Western Union's Digital Asset Network will onboard its first partner in the week of the Q1 2026 earnings call
• ▪Western Union's Digital Asset Network will enable millions of wallet users to move from digital assets into local currency using Western Union's retail network
• ▪Western Union's Q1 2026 revenue marked a 400-basis-point improvement from Q4 2025
• ▪Western Union's Digital Asset Network creates a bridge between cryptocurrency wallets and Western Union's physical locations
• ▪Western Union's USD Stable Card will enable consumers to hold value in stablecoins and spend them around the world
• ▪Western Union plans to launch a USD Stable Card later in 2026 across dozens of markets
• ▪Western Union's adjusted revenue in Q1 2026 was down 1% year-over-year

Traditional Finance Industry's Stablecoin Adoption Trend

• ▪Western Union announced in December 2025 that Western Union would build on Solana's enterprise platform alongside Mastercard and Worldpay