Anchorage Digital and Western Union Partner to Launch USDPT, a Federally Regulated Stablecoin on Solana
This collaboration represents a major step forward for the mainstream adoption of digital dollars. Anchorage Digital Bank, as the federally regulated issuer, will mint and redeem the U.S. Dollar Payment Token (USDPT) under U.S. federal oversight. The stablecoin will operate on Solana’s high-performance blockchain and be integrated into The Western Union Company’s (“Western Union”) (NYSE: WU) network of over 550,000 agent locations across more than 150 countries.
“Anchorage Digital Bank is purpose-built to issue stablecoins at scale. By combining forces with Western Union and building on Solana, we’re demonstrating how regulated stablecoins can power faster, cheaper, and more inclusive money movements globally. This partnership shows that innovation and compliance can go hand in hand—and that’s the future of money movement.”
—Nathan McCauley, Co-founder & CEO, Anchorage Digital.
The stablecoin leverages Anchorage Digital Bank’s industry-leading stablecoin issuance platform, providing secure issuance, custody, settlement, and treasury management—all under one federally regulated platform. As home to the first U.S. bank able to issue a regulated stablecoin, Anchorage Digital is uniquely positioned to help institutions navigate the emerging digital payments ecosystem with confidence.
“Western Union has long been committed to connecting people across borders. This partnership allows us to bring the benefits of digital dollars to our network and reach virtually every corner of the globe. With Anchorage Digital as our regulated partner and Solana’s blockchain technology, we’re taking a meaningful step toward faster, more efficient, and more inclusive payments for our customers.”
—Devin McGranahan, CEO, Western Union
Solana’s scalable blockchain infrastructure underpins the stablecoin, ensuring high throughput, low cost, and instant settlement—critical for global payment applications.
“The launch of USDPT demonstrates how high-performance blockchain technology and regulatory compliance can work hand in hand to transform global payments. Western Union and Anchorage Digital’s decision to build on Solana underscores that the future of regulated, efficient, and borderless money movement will be powered by open, high-performance networks like Solana.”
—Sheraz Shere, Head of Payments, Solana
This launch underscores Anchorage Digital’s ongoing leadership in the stablecoin ecosystem and its mission to make regulated digital dollars accessible at scale. By combining Anchorage Digital Bank’s federally regulated issuance, Solana’s blockchain, and Western Union’s global reach, this initiative is setting a new standard for the future of payments.
For more information on Anchorage Digital Bank’s federally regulated stablecoin issuance platform, please get in touch.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.
Press Contacts
Anchorage Digital
press@anchorage.com
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
