Western Union plans to roll out its new USDPT stablecoin in May, as the money transfer company moves deeper into digital assets, settlement tools, and stablecoin-based payments.
The company outlined the plan during its first-quarter earnings call on Friday. Western Union President and CEO Devin McGranahan said the company has moved past early testing and now wants to scale its digital asset strategy.
“Over the last few months, we’ve crossed an important threshold. It is no longer a question of if Western Union will be active in digital assets, it is now how fast can we scale,”
McGranahan said.
Western Union USDPT Stablecoin Nears May Launch
USDPT will serve as Western Union’s US dollar-backed stablecoin. A stablecoin is a digital token designed to keep a steady value, usually by linking it to a currency such as the US dollar.
“At the foundation of our strategy is USDPT, our US dollar-backed stablecoin. USDPT is now in its final stages of readiness and is expected to go live next month,”
McGranahan said.
Western Union first announced USDPT in October. The company said the stablecoin would run on Solana and would be issued by Anchorage Digital Bank.
The company plans to connect USDPT with its digital asset network. That setup would allow users and partners to move funds through digital rails while still linking to Western Union’s broader payment system.
McGranahan said exchange partners will support access, conversion, and distribution of USDPT. He also said banking and financial institution partners in priority corridors will support direct settlement and treasury use cases.
“Together, these relationships position USDPT as a foundational asset for scaling digital payments and settlement across our platform,”
he said.
Western Union Digital Asset Network Adds First Partner
Western Union also said its digital asset network, known as DAN, will add its first partner this week. The network aims to let stablecoins and other cryptocurrencies move across Western Union’s global payment system.
The system also links digital assets to real-world cash access. That matters for users who hold crypto but still need local currency through physical payout locations.
“Our partner pipeline represents tens of millions of crypto wallets globally, creating a powerful distribution channel that brings digital asset users directly into Western Union’s retail and digital network, solving an industry-wide issue of ramping from crypto to cash as a safe and effective utility,”
McGranahan said.
Last month, Western Union said DAN would allow users to convert digital dollars into local currency at more than 360,000 collection points worldwide.
That structure places Western Union’s retail network inside its digital asset plan. The company already operates in money movement, remittances, and cross-border payments, so the network links stablecoins with existing payout infrastructure.
Western Union’s plan also includes exchange partners, banking partners, and financial institutions. These groups will help users access USDPT, convert it, distribute it, and settle payments.
Stablecoin Market Tops $320 Billion As Western Union Enters
Western Union is moving into a stablecoin market worth about $320 billion, according to DefiLlama data cited in the report.
US dollar-denominated stablecoins hold most of that market. Tether’s USDt, also known as USDT, leads with more than $189.7 billion in market capitalization.
Circle’s USDC follows with about $77.7 billion. Sky Dollar ranks behind them with around $8.2 billion.
Stablecoins have gained more attention from banks, payment firms, and corporations. Earlier this month, Lamine Brahimi, co-founder of crypto custody provider Taurus, said banks and companies across Europe were choosing infrastructure partners for stablecoin adoption.
For Western Union, the strategy includes more than one product. Along with USDPT and DAN, the company plans to launch a US dollar stable card later this year.
The card would let users hold and spend stablecoins. Western Union said the product fits into its wider plan to add digital assets to its core money movement platform.
“The focus ahead is scaling, expanding adoption, increasing velocity, and embedding digital assets more deeply into Western Union’s core money movement platform,”
McGranahan said.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: April 27, 2026 • 🕓 Last updated: April 27, 2026
