PANews reported on October 29th that, according to the Wall Street Journal, Western Union plans to launch a US dollar-backed stablecoin to help its 100 million customers avoid the volatility and risks of local currencies when making international remittances. This stablecoin, named US Dollar Payment Token (USDPT), will be built on the Solana blockchain and issued by Anchorage Digital Bank. The digital token is expected to launch in the first half of 2026 and will be tradable through Western Union's partner exchanges. Western Union stated that customers using this stablecoin to send money globally may experience reduced costs and faster transaction settlements.