Western Union plans to use the Solana blockchain for its stablecoin settlement system, including the US Dollar Payment Token (USDPT) and Digital Asset Network, launching in the first half of 2026. The platform will benefit over 150 million customers in 200 countries. CEO Devin McGranahan cited Solana as the ideal choice.

Zelle and MoneyGram are embracing stablecoins for cross-border remittances, with Zelle’s parent company launching stablecoins for faster payments and MoneyGram integrating a crypto app in Colombia. The GENIUS Act, signed into law in July, has paved the way for increased stablecoin adoption in the US.

Western Union’s move into stablecoins follows the passage of the GENIUS Act, with the US Treasury Department estimating a $311.5 billion stablecoin market value in April, projected to reach $2 trillion by 2028. This decision comes after initial hesitance due to market volatility and regulatory concerns.

Read more at Cointelegraph: Western Union Chooses Solana Blockchain for Stablecoin