During last week’s quarterly earnings call, Western Union (WU) CEO Devin McGranahan said the company will launch its planned stablecoin USDPT in May. The company confirmed the strategy in October 2025, including the intention to partner with Anchorage Digital as issuer and to use the Solana blockchain.
Western Union’s stablecoin rollout will happen in phases, starting with its US Dollar Payment Token (USDPT), using WU outlets for on and off-ramps and finally, its own stablecoin accounts via the Stable Card. At launch the coin will not be retail focused but will replace correspondent banking by using it for settlement between Western Union and its agents in selected corridors. The key is to enable this 24/7 including at night and weekends.
The second plank of the strategy is the Digital Asset Network, which enables consumers to use Western Union outlets as an off-ramp for crypto. Key partners include wallet companies, with the first to be announced next week. Notably, WU recently acquired the Singtel Dash wallet, and this was mentioned by McGranahan. Given the stablecoin is based on Solana and McGranahan mentioned tens of millions of users, it’s conceivable that one partner could be Phantom, the creator of the most popular Solana wallet, with MetaMask as another possibility.
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