01:56 PM EDT, 10/28/2025 (MT Newswires) -- Western Union ( WU ) said Tuesday it plans to launch a US dollar-backed stablecoin and a digital asset network to make financial services accessible to more people.

The US Dollar Payment Token, or USDPT, is expected to become available in H1 of 2026, the company said. It will be built on Solana and issued by Anchorage Digital Bank, with access to be provided through partner exchanges to ensure broad usability, Western Union ( WU ) added.

The new stablecoin is designed to expand money-movement options for customers, agents and partners while enhancing the company's treasury operations, according to the company.

Shares of Western Union ( WU ) were up more than 5% in recent Tuesday trading.

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