Western Union Launches USDPT Stablecoin

[Suba]

Western Union, a global money transfer company, announced on Tuesday, October 28, 2025, that it will launch a stablecoin called the US Dollar Payment Token (USDPT), pegged to USD 1:1 and running on the Solana blockchain network. The USDPT stablecoin is designed to simplify the cash transfer process, which has traditionally been considered complicated and time-consuming, while also reducing transfer fees.

Western Union estimates that the USDPT stablecoin will be traded in early 2026 through major crypto exchanges such as Binance and others.

Impact of the USDPT Stablecoin on Western Union Users
Western Union currently has over 160 customers in nearly every country. The Digital Asset Network allows customers to conduct cash off-ramps on the Western Union platform.

 

[Min George]

Is Western Union not already late to the crypto party? Seems they have lost their market share to crypto for them to come up with this.