Just days after announcing the launch of its own stablecoin set for 2026, Western Union has filed another trademark that could encompass a range of cryptocurrency-related services.
Western Union — pioneers of the first transcontinental telegraph line — is preparing to introduce a dollar-backed stablecoin, the U.S. Dollar Payment Token (USDPT). Alongside the excitement surrounding this launch, the company appears to be signalling a broader expansion into the crypto space.
It’s official:@WesternUnion, the world’s largest money transfer business, is building exclusively on Solana. 🔥 pic.twitter.com/dJMnKN5EY4
— Solana (@solana) October 28, 2025
Western Union Partners with Heavyweights Solana and Anchorage Digital Bank
According to an exclusive report by The Wall Street Journal, Western Union revealed its plans to launch the USDPT stablecoin to enable its 100 million customers to send money globally with reduced risk and protection against local currency fluctuations.
The USDPT will be built on the Solana blockchain and issued by Anchorage Digital Bank, with the launch targeted for the first half of 2026. Customers will be able to access the digital token through Western Union’s partner exchanges.
In a press release, the company stated that its new stablecoin and accompanying “Digital Asset Network” are designed to “bridge the digital and fiat worlds, enabling real-world utility for digital assets.”
Western Union emphasised that this collaboration combines its extensive global reach, Solana’s high-performance blockchain technology, and Anchorage’s “industry-leading, federally regulated stablecoin issuance and digital asset custody solutions.”
Through this initiative, Western Union aims to give users seamless access to digital assets—allowing them to send, receive, spend, and hold USDPT through an intuitive user experience.
Devin McGranahan, President and CEO of Western Union, had the following to say in the press statement:
“We are committed to leveraging emerging technologies to empower our customers and communities.”
Adding,
“As we evolve into the digital assets space, Western Union’s USDPT will allow us to own the economics linked to stablecoins. Separately, we are excited to announce our Digital Asset Network, a solution for the last mile of the crypto journey by partnering with wallets and wallet providers to provide customers with seamless access to cash off-ramps for digital assets by leveraging our global network. Our Digital Asset Network and USDPT will be an enabler in achieving our mission to make financial services accessible to people everywhere.”
McGranahan also told The Wall Street Journal that while the company has come a long way since the telegraph in 1861, its mission of connecting people through technology remains central to its identity.
If USDPT gains widespread adoption—not only among Western Union’s vast customer base but also within the broader stablecoin community—the company could significantly accelerate the growth of a market already valued at approximately $300 billion.
Western Union Submits Trademark Application for “WUUSD”
Amid the buzz of the company’s 2026 stablecoin announcement, Western Union Holding also submitted a trademark application for “WUUSD” with the U.S. Patent and Trademark Office. The application includes a wide variety of crypto and blockchain-related services and activities, including trading platforms, digital wallets, crypto payment processing solutions, and crypto lending services. While the Patent and Trademark Office has accepted the application, no examining attorney has yet been assigned.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.