Monetary providers firm Western Union has stated its forthcoming stablecoin settlement system will use the Solana blockchain.
Introduced in the course of the firm’s third-quarter earnings name final week, the stablecoin system will include the US Greenback Cost Token (USDPT) and the Digital Asset Community, which will likely be inbuilt partnership with Anchorage Digital Financial institution, Western Union stated on Tuesday.
The corporate expects that USDPT will launch within the first half of 2026, offering buyer entry by way of companion exchanges to broaden accessibility, much 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 clients, 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 stated his group in contrast many different alternate options and concluded that Solana was the “proper alternative” for constructing an institutional-ready stablecoin platform.
“For 175 years, we have been connecting individuals, shifting $150 billion a yr. Digital property is the following evolution.
We checked out alternate options, and got here to the conclusion that Solana was the correct alternative.”
– Devin McGranahan, CEO, Western Union pic.twitter.com/8ni2b47ktk
— Solana (@solana) October 28, 2025
Conventional cost platforms are more and more exploring blockchain for cross-border remittances, with proponents saying the expertise is quicker, cheaper and extra clear than conventional cost rails.
Zelle, MoneyGram make stablecoin strikes
On Friday, the mum or dad firm behind funds platform Zelle stated it might launch stablecoins to gas 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 legislation by President Donald Trump in July.
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Final week, McGranahan stated Western Union initially avoided crypto resulting from 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 price $311.5 billion and is estimated to succeed in $2 trillion by 2028.
Western Union’s transfer into the stablecoin enviornment comes just a little over three months after it first hinted at plans to combine stablecoins in July.
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