International Financial Corporation Western Union is being prepared release your own stablecoin and process payments in them.
The company’s president, Devin McGranahan, said that stablecoin USDPT on blockchain Solana is in the final stages of preparation and is likely to be launched in May 2026.
The question is no longer whether Western Union will actively engage with digital assets, but how quickly we can scale,” McGranahan said. “Our strategy is based on stablecoin USDPT, backed by the US dollar.
The top manager added that USDPT will not be launched as stablecoin for end users, but as an alternative to the SWIFT network, which the company currently uses for settlements with its agents.
USDPT will be introduced in select countries in collaboration with key partner agents. This will speed up payment processing and allow operations during traditional banking holidays.
In addition, Western Union announced the launch of two services that integrate stablecoin into the corporation’s ecosystem.
The first is the Digital Asset Network (DAN), which uses USDPT and other digital assets to connect cryptocurrency wallets to Western Union’s existing retail and agent network.
“With DAN, millions of wallet users will be able to transfer funds from digital assets to their local currency using the Western Union retail network, in a process that is simple for customers and familiar to our agents,” McGranahan commented.
To expand consumer access to USDPT and DAN, Western Union plans to launch the USD Stable Card this year. It is designed to allow consumers to store stablecoins and spend them globally.
The Stable Card is particularly attractive in inflation-sensitive markets where customers want dollar value with practical utility, McGranahan said.
Western Union’s new stablecoin initiatives come amid reports of stabilization in the company’s first quarter performance. Adjusted revenue was $983 million, down just 1% year-over-year but up 400 basis points from the fourth quarter. Last Friday, the company’s shares, listed on the New York Stock Exchange (NYSE), fell by 4,6% and closed at $8,9.
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