Western Union to Launch Solana-Primarily based Stablecoin Plus ‘Steady Card’ Subsequent Month

International monetary providers large Western Union will launch its Solana-based stablecoin USDPT subsequent month, the corporate stated throughout its Q1 earnings call.

“It’s now not a query of if Western Union shall be energetic in digital belongings, it’s now how briskly we are able to scale,” the agency’s CEO and President Devin McGranahan stated through the presentation, calling USDPT, “the muse of our technique.”

First announced in October 2025, the U.S. dollar-backed stablecoin is within the “closing phases” of preparation, the agency stated. Anchorage Digital Financial institution will function the issuer for USDPT, which Western Union designed particularly for settling with its international agent community slightly than as a consumer-facing product.

The initiative marks Western Union’s pivot towards blockchain infrastructure for core enterprise operations, focusing on the institutional settlement market the place conventional correspondent banking networks have lengthy dominated cross-border funds.

Western Union’s digital asset ecosystem

Past agent settlements, Western Union is constructing a broader digital asset ecosystem. The corporate’s Digital Asset Community (DAN) will onboard its first accomplice this week, making a bridge between cryptocurrency wallets and Western Union’s bodily places.

“By DAN, tens of millions of pockets customers will be capable to transfer from digital belongings into native foreign money utilizing Western Union’s retail community with an expertise that’s easy for purchasers and acquainted for our brokers,” McGranahan stated, including that the agency has seen “robust inbound curiosity” since asserting its preliminary companions.

The corporate additionally revealed plans for its USD Steady Card, scheduled to launch later this yr throughout “dozens of markets,” McGranahan stated. The Steady Card, which can allow shoppers to carry worth in stablecoins and spend them world wide, is “significantly compelling in inflation-sensitive markets the place prospects need dollar-denominated worth with fast sensible utility,” he added.

Finally, McGranahan stated, the Steady Card shall be, “client dealing with expression, connecting USDPT, digital asset, retail prospects, international spending, right into a single, built-in, simple client expertise.”

Western Union reported adjusted income of $983 million within the first quarter of 2026, down 1% year-over-year however marking a 400-basis-point enchancment from This autumn.

The agency’s stablecoin launch follows the corporate’s earlier announcement in December about building on Solana’s enterprise platform alongside Mastercard and Worldpay. The transfer varieties a part of a broader development of conventional monetary establishments exploring stablecoin infrastructure, with Wells Fargo applying for a WFUSD trademark signaling potential crypto integration and Citi reportedly mulling its own stablecoin offering for cross-border funds.