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Western Union to launch Solana USDPT stablecoin in May; unveils Digital Asset Network and USD Stable Card

Western Union says its Solana-based, U.S. dollar-backed stablecoin USDPT is in final preparation and is expected to launch in May, alongside a broader digital-asset rollout [1][2].

Apr 27, 20265:27 AMNewsroom AI

Western Union’s CEO Devin McGranahan said the company’s Solana-based, U.S. dollar-backed stablecoin USDPT is in the final stages of preparation and is expected to launch next month (May) [1] [2] [3].

According to the company, USDPT will be used as an alternative to SWIFT for settlements with Western Union agents and will initially be deployed in select countries with key partners [1] [4].

Western Union also plans to launch a Digital Asset Network to connect crypto wallets with its retail and agent network, and it intends to roll out a USD Stable Card later this year across dozens of markets [1] [2].

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