US EditionDecentralizing the Dollar: A Financial System Beyond Washington
Western Union will launch the U.S. Dollar Payment Token on Solana blockchain to speed up and reduce costs in cross-border payments for its 100 million users.
- On Tuesday, Western Union announced it plans to roll out the U.S. Dollar Payment Token for its 100 million-user payment network in the first half of next year.
- Stablecoins offer a cheaper, faster alternative for remittances and cross-border transactions, with adoption boosted by clearer U.S. rules under the GENIUS Act.
- In a competitive landscape, Western Union is the latest to incorporate stablecoins, while MoneyGram upgrades its app around Circle's USDC, Stellar, and Crossmint, with no mention of PayPal.
- At scale, Western Union framed the move by highlighting stablecoins as a $300 billion class embedded into global payment channels, with plans to launch USDPT on Solana in 2026.
- Technically, Western Union will issue the U.S. Dollar Payment Token through Anchorage Digital, a federally regulated digital asset bank, on Solana, a public blockchain designed for low-cost, fast settlements.
51 Articles
51 Articles
Decentralizing the Dollar: A Financial System Beyond Washington
Every empire has been built on money and backed by a flag. Rome had the denarius. Britain had the pound. America has the dollar. But for the first time, the flag monopoly that underpins global power is cracking. And what threatens it is not China or Europe, but code, corporations and blockchain protocols, or as angel investor and tech founder Balaji Srinivasan calls them, Network States. Empires have always relied on bankers to finance their ar…
Western Union to launch dollar-backed stablecoin on Solana blockchain - report (WU:NYSE)
Western Union (WU) is planning to roll out a dollar-backed stablecoin on the Solana (SOL-USD) blockchain next year, aiming to make global money transfers faster and cheaper. WU shares gained 7% in afternoon trading.
Western Union to Launch USD-Backed Stablecoin on Solana by 2026
Western Union, the global remittance giant, is entering the digital asset space with the launch of its own US Dollar Payment Token (USDPT), a regulated, dollar-backed stablecoin set to debut in the first half of 2026 on the Solana blockchain. Issued by Anchorage Digital Bank, USDPT will allow users to send, receive, spend, and hold [...] The post Western Union to Launch USD-Backed Stablecoin on Solana by 2026 appeared first on Khusoko - East Afr…
?Western Unions USDPT Stablecoin A Strategic Pivot Amidst Competitive Pressures?
In a bold move to redefine its position in the rapidly evolving financial landscape, Western Union has announced the launch of its U.S. Dollar Payment Token (USDPT), a new stablecoin powered by the Solana blockchain. This development marks a significant step for the company, which is also set to introduce an innovative Digital Asset Network designed to bridge fiat and digital currencies. The USDPT is positioned as a tool to enhance transaction e…
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