U.S. Dollar Payment Token PriceUSDPT

What is U.S. Dollar Payment Token (USDPT)?

U.S. Dollar Payment Token (USDPT) is a regulated, U.S. dollar-denominated payment stablecoin built on the Solana blockchain. It is issued by Anchorage Digital Bank, N.A., a U.S. national trust bank regulated by the Office of the Comptroller of the Currency, and distributed through Western Union's global payments network. USDPT is designed to function as an always-on settlement asset for cross-border money movement, redeemable 1:1 for U.S. dollars with reserves held in FDIC-insured bank accounts and the BlackRock Select Treasury Based Liquidity Fund (TFEXX). The token is GENIUS Act-compliant and replaces SWIFT-based interbank rails for Western Union agent settlement, enabling real-time transfers including weekends and holidays. USDPT launched officially on May 4, 2026, with initial corridors in the Philippines and Bolivia. It is available for trading on Kraken and tracked on CoinMarketCap and CoinGecko.

Key Specifications & Tokenomics

• Name: U.S. Dollar Payment Token
• Ticker/Symbol: USDPT
• Blockchain: Solana
• Token Standard: SPL token program
• Official Contract Address (Solana): HVWf8JmLoHs99Lw8Psf3fyqAtA4crWxCPkrmSdNjhNH3
• Explorer: solscan.io
• Issuer: Anchorage Digital Bank, N.A.
• Distribution Network Operator: Western Union
• Wallet & Settlement Infrastructure: Fireblocks
• Category: Stablecoin, Asset-Backed Stablecoin, USD Stablecoin
• Max Supply: No maximum supply
• Total Supply: 5.92M USDPT
• Circulating Supply: 5.92M USDPT
• Market Cap: $5.92M
• FDV: $5.92M
• Holders: 233
• CertiK Rating: 3.6
• CMC ID: 38850
• Official Website: https://www.westernunion.com/global/en/digital-assets-stablecoin.html

Who created U.S. Dollar Payment Token (USDPT)?

USDPT is the product of a collaboration among four named parties. Western Union, led by President and CEO Devin McGranahan, serves as the distribution network operator and announced the token at #Money2020USA on October 28, 2025. Anchorage Digital Bank, N.A., led by Co-Founder and CEO Nathan McCauley, is the issuer and holds the only federal charter granted to a crypto custody institution in the United States. Solana provides the settlement chain, with Sheraz Shere, Head of Payments at Solana, and Lily Liu, President of the Solana Foundation, both commenting on the launch. Fireblocks provides wallet, settlement, and financial operations infrastructure. Malcolm Clarke serves as Global Head of Digital Assets at Western Union. Rodrigo Fernández Touza, Co-Founder of Crossmint, is associated with the Crossmint partnership supporting USDPT.

How does U.S. Dollar Payment Token (USDPT) work?

USDPT operates as a fully backed stablecoin on the Solana blockchain, leveraging Solana's high-performance Layer 1 architecture and SPL token program to achieve sub-second transaction confirmation. For every USDPT issued, an equal amount of U.S. dollars is held in reserves consisting of bank deposits, U.S. Treasury bills, and similar cash equivalents, split between FDIC-insured U.S. bank accounts and the BlackRock Select Treasury Based Liquidity Fund (TFEXX). Anchorage Digital Bank mints and redeems USDPT under federal oversight and handles reserve custody. Western Union integrates USDPT into its Digital Asset Network (DAN), a connector between licensed exchanges and custodians and Western Union's payout infrastructure. The token replaces legacy correspondent banking rails that settle only on business days and can take two to three days, enabling 24/7 real-time settlement for agent settlement and cross-border transfers.

What makes U.S. Dollar Payment Token (USDPT) unique and valuable?

USDPT's primary distinction is its integration with Western Union's extensive global footprint, which spans more than 200 countries and territories, over 130 currencies, and 400,000+ agent locations. This gives USDPT a real-world cash-out network that few stablecoins can match. The token is issued by a federally chartered U.S. trust bank, providing a regulated foundation that addresses compliance concerns. Its GENIUS Act compliance positions it within emerging U.S. stablecoin legislation. USDPT replaces SWIFT-based interbank rails for Western Union agent settlement, reducing capital tied up in pre-funded nostro accounts and enabling real-time liquidity rebalancing. Analyst Angus Scott notes that USDPT demonstrates how stablecoins disrupt traditional payments, pressuring legacy remittance and bank settlement models. The combination of a regulated issuer, a high-performance blockchain, and a massive distribution network makes USDPT a bridge between digital assets and physical cash infrastructure.

What is U.S. Dollar Payment Token (USDPT) used for?

USDPT is designed for multiple payment and settlement use cases. Its primary function is agent settlement, allowing Western Union to settle with partners in real time, including weekends and holidays, as an alternative to interbank settlement rails. It enables 24/7 instant settlement across 200+ countries, replacing legacy SWIFT delays. USDPT serves as a real crypto-to-fiat bridge, connecting digital asset platforms directly to a physical cash-out network of hundreds of thousands of payout locations. Planned ecosystem features include global exchange support for purchasing USDPT, cash-outs at Western Union locations worldwide through the Digital Asset Network, a Visa-enabled mobile app combining a self-custody USDPT wallet with a Visa payment card, and the option to receive money transfers in USDPT 24/7. A consumer-facing spend product called "Stable by Western Union" is launching in 40+ countries later in 2026.

How Is the U.S. Dollar Payment Token (USDPT) ecosystem developing?

The USDPT ecosystem is expanding through strategic partnerships and product rollouts. Western Union officially launched USDPT on Solana and its Digital Asset Network on May 4, 2026, with initial corridors in the Philippines and Bolivia, two high-volume remittance markets jointly reaching a combined 130 million people. Crossmint partnered with Western Union on March 4, 2026, to support USDPT and the Digital Asset Network, connecting digital dollars to 360,000+ cash payout locations. USDPT became available for trading on Kraken on July 9, 2026. The Digital Asset Network serves as a connector between licensed exchanges and custodians and Western Union's payout infrastructure. Planned developments include global exchange support, cash-out services at Western Union locations, a Visa payment card mobile app, 24/7 money transfer receipts in USDPT, and the "Stable by Western Union" consumer spend product launching in 40+ countries.

How to mine U.S. Dollar Payment Token (USDPT)?

USDPT is not mined. It is a stablecoin issued by Anchorage Digital Bank, N.A., which mints and redeems tokens under U.S. federal oversight. New USDPT tokens are created when U.S. dollars are deposited into reserve accounts, and tokens are redeemed 1:1 for U.S. dollars. There is no mining, staking, or consensus participation mechanism for USDPT holders. The token operates on Solana's proof-of-stake network, but USDPT itself does not offer staking rewards. Users can acquire USDPT through licensed virtual currency exchanges where it is available for trading, such as Kraken, or through Western Union's planned purchase channels. The value of USDPT is maintained through full reserve backing rather than through mining incentives or algorithmic mechanisms.

How to keep your U.S. Dollar Payment Token (USDPT) safe?

USDPT is an SPL token on Solana, so it can be stored in any Solana-compatible wallet that supports SPL tokens. For self-custody, users should choose reputable wallets and safeguard their private keys or seed phrases offline. Hardware wallets provide an additional layer of security for larger holdings. Western Union's planned Visa-enabled mobile app will include a self-custody USDPT wallet, offering a convenient option for everyday spending. Because USDPT is issued by Anchorage Digital Bank and reserves are held in FDIC-insured bank accounts and the BlackRock Select Treasury Based Liquidity Fund, the token itself is not insured by the FDIC or any U.S. government agency, and it is not issued, backed, approved, or guaranteed by the U.S. government. Users should verify contract addresses before transacting and be aware that USDPT is not issued, custodied, or exchanged by Western Union.