Western Union USDPT Stablecoin to Launch in May on Solana, With DAN Expansion

Western Union said its USDPT stablecoin is expected to go live in May, aiming to speed up US-dollar cross-border payments and settlements. On its Q1 earnings call, CEO Devin McGranahan said the project has moved from debating “whether to enter crypto” to focusing on scaling execution. USDPT is in the final readiness stage and will be built on the Solana blockchain, with issuance by Anchorage Digital Bank. The company is also expanding its Digital Asset Network (DAN) to route stablecoins and other crypto through Western Union’s payment rails, enabling conversion into local currency at more than 360,000 collection points worldwide. Exchange partners are expected to handle USDPT access, conversion, and distribution, while banking and financial institution partners in priority regions support direct settlement and treasury operations. Separately, Western Union plans to launch a “Stable Card” later this year, designed to let consumers hold dollar-backed stablecoins and spend across dozens of markets. For traders, the update reinforces a B2B-to-consumer rollout path, with potential near-term momentum for Solana-linked infrastructure and broader stablecoin competition signals, though price impact is likely limited until USDPT scales.