BREAKING: Western Union, a Historic Payment Company, Reveals Plans to Enter the Cryptocurrency Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 28 2025Western Union's Entry into Cryptocurrency: Western Union is set to launch a dollar-backed stablecoin called "US Dollar Payment Token (USDPT)" on the Solana blockchain, allowing over 100 million customers to transfer money internationally without local currency risks, with a launch expected in the first half of 2026.
Digital Asset Network and Competitors: The company will also introduce a digital asset network for crypto wallet providers, enabling non-Western Union customers to convert crypto assets into local currencies at over 400,000 branches, while facing competition from rivals like PayPal and MoneyGram who have already integrated crypto solutions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
