Western Union’s Solana Stablecoin Launch Seen as Turning Point for Digital Remittances
29/10/2025
Western Union (WU) shares jumped 6.5% on Tuesday after the global remittance leader unveiled plans to introduce the U.S. Dollar Payment Token (USDPT) on the Solana blockchain, issued by Anchorage Digital Bank, along with a new Digital Asset Network for crypto cash-outs.
In a report, William Blair called the initiative a strategic move into blockchain-powered remittances, positioning Western Union to capture efficiencies and new markets through stablecoin settlement infrastructure.
The analysts said more details are expected at Western Union’s Investor Day on November 6, adding that stablecoin transfers could accelerate settlement times, reduce pre-funding requirements, and improve capital efficiency, particularly in high-inflation economies.
Western Union’s Digital Asset Network, which enables cash withdrawals at 380,000 locations worldwide, illustrates how established remittance players can bridge blockchain and traditional finance. However, fiat conversion and regulatory friction remain near-term obstacles.
William Blair’s report also flagged slow core transfer growth and the potential impact of a 2026 remittance tax as challenges to near-term performance. Still, the firm noted Western Union’s 10% dividend yield and 5.3x projected 2026 P/E provide downside support for the stock.
Maintaining a “market perform” rating, the analysts said success will depend on digital execution and revenue acceleration in the coming quarters. Following the announcement, WU shares gained 2% in early trading, reaching $9.68.
