Gate News message, April 27 — Western Union announced on April 24 during its first-quarter earnings call that its Solana-based stablecoin USDPT is in final preparation stages and will launch next month. CEO Devin McGranahan stated that USDPT will serve as an alternative to the SWIFT network for settling transactions with the company’s agent partners, enabling faster onchain processing that continues over traditional banking holidays.
Beyond USDPT, Western Union is launching two complementary services. The Digital Asset Network (DAN) will leverage USDPT and other digital assets to connect crypto wallets to Western Union’s retail and agent network, with the first partner going live this week. Additionally, Western Union plans to launch a USD Stable Card later this year across dozens of markets, allowing consumers to hold stablecoin value and spend globally. McGranahan noted that the card is particularly compelling in inflation-sensitive markets where customers seek dollar-denominated holdings with immediate utility.
The stablecoin push comes as Western Union reported stabilizing results in Q1, posting adjusted revenue of $983 million, down 1% year-over-year but up 400 basis points from Q4. The company’s NYSE-listed stock WU fell 4.6% last Friday to close at $8.9.
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