Western Union bets on stablecoins after EPS drops to $0.25 – Details – Crypto News – Crypto News
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Western Union bets on stablecoins after EPS drops to $0.25 - Details Western Union bets on stablecoins after EPS drops to $0.25 - Details

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Western Union bets on stablecoins after EPS drops to $0.25 – Details – Crypto News

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3 months ago

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Western Union has announced the launch of USDPT! This is a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank N.A., and built on the Solana blockchain.

USDPT to support faster settlement

USDPT is designed as a dollar-denominated stablecoin fully backed by U.S dollars. It will be issued by Anchorage Digital Bank N.A., a federally chartered crypto bank in the United States.

Source: Western Union

The stablecoin will be integrated into its payments network and used to improve settlement between the company and its global agents. By using Solana’s infrastructure, USDPT is expected to support faster and more continuous settlement activity.

This includes 24/7 movement of funds across the network!

Consumer and partner use cases planned

The company plans to make USDPT available for purchase through licensed virtual currency exchanges. They’re also working on a Digital Asset Network that will connect exchanges and custodians with Western Union’s global payout infrastructure.

A consumer-facing product called Stable is also planned for 2026. The service is expected to launch in more than 40 countries.

Devin McGranahan, President and CEO of Western Union, stated,

Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.

Launch comes on the back of mixed financial backdrop

Western Union is a major player in global payments, operating across more than 200 countries and territories. The company generated $4.05 billion in revenue over the last twelve months and has a market cap of about $2.88 billion.

However, its recent financial performance hasn’t been great. In Q1 2026, Western Union reported earnings-per-share of $0.25; way below analyst expectations of $0.39. Revenue came in slightly ahead of forecasts at $983 million.

The company has also selected Fireblocks to provide infrastructure for USDPT, while Wolfe Research recently lowered its price target on Western Union to $9.

Final Summary

  • Western Union has launched USDPT, a dollar-backed stablecoin on Solana.
  • Announcement came despite weak Q1 earnings.
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