Western Union Remittance Q1 earnings call confirms: USDPT stablecoin launches in early May

According to the contents of Western Union’s Q1 earnings call on April 24, Western Union president and CEO Devin McGranahan confirmed that the company’s USDPT stablecoin is now in the final preparation stage and is expected to go live in May.

USDPT Stablecoin: Technical Architecture and Issuance Plan

(Source: Western Union)

According to McGranahan’s remarks on the earnings call, USDPT is a dollar-pegged stablecoin built on the Solana blockchain, issued by Anchorage Digital. Western Union first announced its plan to launch the stablecoin in October 2025.

McGranahan directly quoted during the call: “The foundation of our strategy is USDPT, a stablecoin pegged to the U.S. dollar. USDPT is currently in the final stage of preparation and is expected to launch next month.”

McGranahan further explained that exchange partner collaborators will support access, conversion, and distribution of USDPT; bank and financial-institution partners within priority channels will enable direct settlement and treasury application scenarios, making USDPT the underlying digital asset for the platform’s digital payments and settlement.

Digital Asset Network (DAN): Global Rollout and First Partner

According to McGranahan’s remarks on the earnings call, DAN aims to enable stablecoins and other cryptocurrencies to flow through Western Union’s global payment network and connect them to real-world cash access points. McGranahan noted that DAN’s partner channel reaches tens of millions of crypto wallets worldwide.

According to an earlier official statement from Western Union, DAN will allow users to convert digital dollars into local currency at more than 360k receiving locations worldwide.

Current State of the Global Stablecoin Market

According to data from DeFi analytics platform DefiLlama, the total market capitalization of global stablecoins is approximately $320 billion, with dollar-denominated stablecoins accounting for the majority share:

Tether USDT: Market cap of over $189.7 billion, #1 in the market

Circle USDC: Market cap of $77.7 billion

Sky Dollar: Market cap of $8.2 billion

Earlier this month, Lamine Brahimi, co-founder of crypto custody service provider Taurus, told Cointelegraph that banks and businesses across Europe are actively selecting infrastructure partners to support stablecoin adoption.

USD Stablecoin Card: Planned Launch Within the Year

According to Western Union’s official statement, the company plans to roll out a USD stablecoin card later in 2026, allowing users to hold and make payments with stablecoins, providing consumer-side access for the USDPT stablecoin and the DAN system.

Frequently Asked Questions

What is the technical architecture and issuer of Western Union’s USDPT stablecoin?

According to McGranahan’s remarks on the Q1 earnings call, USDPT is a dollar-pegged stablecoin built on the Solana blockchain, issued by Anchorage Digital, and is expected to go live in May 2026.

How many global receiving locations does Western Union’s DAN cover?

According to Western Union’s official statement, DAN will allow users to convert digital dollars into local currency at more than 360k receiving locations worldwide, and its partner channels will cover tens of millions of crypto wallets around the globe.

What is the size of the current global stablecoin market and who are the main participants?

According to DefiLlama’s data, the total market capitalization of global stablecoins is approximately $320 billion; Tether USDT leads with a market cap of over $189.7 billion, Circle USDC has a market cap of $77.7 billion, and Sky Dollar has a market cap of $8.2 billion.