USDPT | Western Union
USD Payment Token (USDPT) is a fully reserve-backed stablecoin pegged to USD, issued on the Solana blockchain through a partnership between Western Union and Anchorage Digital Bank, a federally chartered crypto bank.USDPT As a payment token, it is designed to leverage Western Union’s existing global network of more than 400,000 agents to facilitate real-time, low-cost global remittances and treasury-management operations. The stablecoin is backed by 1:1, with reserve assets consisting of high-quality liquid assets held in a bankruptcy-remote trust, and transparency and compliance ensured through monthly third-party attestations. It leverages Solana’s Token 2022 Extensions to support programmable features such as transfer fees, confidential balances, and wallet-level controls, while complying with the GENIUS Act (2025) framework for regulated payment stablecoins.USDPT It supports instant liquidity for agents, reduces prefunding requirements, and shortens settlement times from days to seconds. It integrates with agent wallets to support cash payouts and with digital asset network (DAN) partners to support deposits and withdrawals, thereby connecting traditional cash networks with blockchain rails. Its primary uses are to enable efficient cross-border payments among Western Union entities, as well as global banks and FI partners, optimize treasury float, and 24/7 fund transfers.
Overview
USD Payment Token (USDPT) is a fully reserve-backed stablecoin pegged to USD, issued on the Solana blockchain through a partnership between Western Union and Anchorage Digital Bank, a federally chartered crypto bank.USDPT As a payment token, it is designed to leverage Western Union’s existing global network of more than 400,000 agents to facilitate real-time, low-cost global remittances and treasury-management operations. The stablecoin is backed by 1:1, with reserve assets consisting of high-quality liquid assets held in a bankruptcy-remote trust, and transparency and compliance ensured through monthly third-party attestations. It leverages Solana’s Token 2022 Extensions to support programmable features such as transfer fees, confidential balances, and wallet-level controls, while complying with the GENIUS Act (2025) framework for regulated payment stablecoins.USDPT It supports instant liquidity for agents, reduces prefunding requirements, and shortens settlement times from days to seconds. It integrates with agent wallets to support cash payouts and with digital asset network (DAN) partners to support deposits and withdrawals, thereby connecting traditional cash networks with blockchain rails. Its primary uses are to enable efficient cross-border payments among Western Union entities, as well as global banks and FI partners, optimize treasury float, and 24/7 fund transfers.