Western Union is Launching a Cryptocurrency

Metaverse Planet

October 29, 2025

Western Union will enable its over 100 million customers to use a dollar-pegged cryptocurrency for international money transfers starting next year.

One of the world’s leading payment networks, Western Union, is stepping into the cryptocurrency market. In the first half of next year, the company will offer its customers fast transfer capability with a stablecoin, a fixed cryptocurrency pegged to the dollar.

Western Union’s Move

Following the US’s regulatory steps regarding fixed-value cryptocurrencies pegged to the dollar or other currencies, technology giants have started to operate more freely. First PayPal, and now Western Union, have entered the market. Western Union will launch its cryptocurrency, named the U.S. Dollar Payment Token (USDPT), on the Solana blockchain in the first half of next year. The USDPT will be issued by Anchorage Digital Bank, and users will be able to access it through Western Union’s partner exchanges.

The new currency will offer Western Union’s 100 million customers the opportunity to transact in international money transfers without being affected by the fluctuations of local currencies. While Solana already hosts many successful stablecoin projects, Western Union’s initiative is seen as one of the most significant steps in this area.

Currently, the total value of the stablecoin market is over $300 billion. Western Union performs hundreds of billions of dollars in money transfers every year. If the USDPT is successful, it is expected to provide a large capital inflow into the stablecoin market.

Western Union’s Move

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