Solana Lands Major Win As Western Union Goes Crypto

Western Union said it will launch a dollar-backed stablecoin and build a new crypto payment network on Solana, a move that could reshape how the company moves money across ￰1￱ to company filings and press releases, the token will be called USDPT and is scheduled for the first half of ￰2￱ Digital Bank will issue the token, reports ￰3￱ Union Taps Solana And Anchorage Digital Bank Based on reports, Western Union plans a “Digital Asset Network” that will let users send, receive, hold and spend USDPT through its global agent ￰4￱ company serves more than 100 million users across 200+ countries and ￰5￱ sources place the user base at 150 million, which helps explain why Western Union picked a blockchain built for high ￰6￱ was chosen for low transaction costs and the ability to handle many operations per ￰7￱ partners are already ￰8￱ Digital Bank, which has US federal oversight, will custody and issue USDPT. . @WesternUnion USDPT and the Digital Asset Network, built on ￰9￱ how the world’s money moves. ￰0￱ ￰10￱ — Solana (@solana) October 28, 2025 Reports say Western Union will use its agent locations to convert between fiat cash and the stablecoin, giving people on both sides of a transfer a way to get real dollars or ￰11￱ hybrid model aims to mix a familiar cash network with token ￰12￱ This Means For Solana And Remittances Market observers say this is a major vote of confidence for ￰13￱ millions of Western Union transfers start routing through token rails, Solana could see a spike in transactions and demand for its native token, SOL, to pay fees.

Meanwhile, questions ￰14￱ the chain cope with the scale implied by Western Union’s reach? One analysis asked whether Solana can handle 100 million users sending dollar tokens around the ￰15￱ tests and stress runs will matter, and Western Union’s rollout plans will likely phase in markets to reduce ￰16￱ And Custodial Setup According to regulators and industry watchers, stablecoins face tight oversight in many ￰17￱ Union’s plan depends on regulatory approvals and clear custody arrangements. Anchorage’s regulated status helps, but local rules in some markets could delay or limit ￰18￱ also point to the need for strong reserve practices, audits and consumer protections before full public ￰19￱ Union is pitching the initiative as a way to modernize payments while keeping control over the economics tied to the ￰20￱ company says a managed stablecoin could lower costs and speed settlement on certain ￰21￱ will watch remittance corridors where cash pickup is still common — places like the Philippines — to see how quickly users accept token-based ￰22￱ image from Social Press, chart from TradingView