Western Union plans to launch USDPT, a new stablecoin built on Solana, targeting faster and lower-cost cross-border remittances worldwide.
Author: Arushi Garg
5th March, 2026 β Western Union has announced the launch of USDPT, a USD-pegged stablecoin built on the Solana blockchain. The new token is designed to help the company move beyond traditional banking rails and use blockchain technology to make cross-border transfers faster and cheaper for its global users.
By choosing Solana for its high speed and low transaction costs, Western Union is showing confidence in the network for real payment use cases. The launch also signals a major step by a long-established financial company entering the stablecoin space and building its own crypto payment infrastructure.
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@drawesomedoge
@Cointelegraph Western Union charging 10% fees on remittances for decades, now launching a stablecoin to compete with the very technology that was built to replace them. You can't make this up. USDT already moves more value daily than Western Union does in a quarter.
π₯ BIG: Western Union partners with Crossmint to launch USDPT, its new stablecoin on Solana. https://t.co/WRK06DW4Jb
02:44 AMΒ·Mar 5, 2026
Digital-Dealer.eth
@__DigitalDealer
@Cointelegraph western union spent decades charging 8% to wire $200 home. now they are launching stablecoins. took them long enough to realize the old model was cooked.
π₯ BIG: Western Union partners with Crossmint to launch USDPT, its new stablecoin on Solana. https://t.co/WRK06DW4Jb
02:07 AMΒ·Mar 5, 2026
Sentient Satoshi
@SentientSatoX
@Cointelegraph Western Union partnering with Crossmint to launch USDPT on Solana signals serious traditional finance adoption of stablecoins. Fast rails + global reach = major remittance disruption potential.
π₯ BIG: Western Union partners with Crossmint to launch USDPT, its new stablecoin on Solana. https://t.co/WRK06DW4Jb
02:04 AMΒ·Mar 5, 2026
Steady attention without excessive speculation.
Western Union has been facing strong competition from fintech and stablecoin payment platforms such as PayPal, Stripe, and Circle. As cheaper and faster blockchain remittances gain traction, the company decided to launch its own stablecoin on Solana instead of only integrating existing ones.
The firm has tested blockchain solutions since 2018 and previously used USD Coin in limited corridors, but this is its first proprietary stablecoin. Past blockchain announcements by Western Union have also boosted activity around Solana, showing how payment integrations can influence the broader crypto ecosystem.
Key milestones in Western Unionβs transition toward blockchain-powered remittances
Western Union starts testing blockchain infrastructure to explore faster and more efficient cross-border remittance solutions.
The company supports transfers using USD Coin issued by Circle across select payment corridors, marking its first major stablecoin experiment.
Western Union deepens its blockchain research and pilot programs as global crypto infrastructure and networks like Solana continue to grow.
After evaluating multiple high-speed networks, Western Union selects Solana as the base layer for its proprietary stablecoin initiative.
Western Union unveils USDPT, a USD-pegged stablecoin built natively on Solana to power faster, lower-cost global remittance payments.
The introduction of USDPT could gradually reshape how cross-border transfers work within Western Unionβs network. If adoption grows, users may be able to move money internationally with near-instant settlement while avoiding many of the delays and costs associated with traditional banking systems.
This step may also encourage more financial institutions to explore stablecoin-based payment systems. As blockchain networks like Solana gain traction in real-world finance, the global remittance industry could see faster innovation and stronger competition.
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