Western Union Reveals the Real Business Behind Its USDPT Stablecoin

Western Union launched its USDPT stablecoin in May 2026, issued by Anchorage Digital Bank on Solana, after announcing it in October 2025. Malcolm Clark, the company's head of digital assets, said at Merge Madrid that the 175-year-old remittance company keeps capital idle in prefunded accounts across correspondent banking networks, and that real-time stablecoin settlement could reduce that cost. Western Union is also working with Rain and Visa on stablecoin-powered payments that would let customers convert crypto to fiat and collect cash in 160 markets. The company points to the U.S. GENIUS Act of July 2025, which created a federal framework for payment stablecoins, and the proposed CLARITY Act as context for integrating stablecoins with traditional finance.