Western Union USDPT (USDPT) is a fiat-backed US dollar stablecoin issued by Western Union (issued by Anchorage Digital Bank). It has about $16.0M in circulation, ranking #115 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
What is USDPT?
Western Union USDPT (USDPT) is a fiat-backed US dollar stablecoin issued by Western Union (issued by Anchorage Digital Bank). It has about $16.0M in circulation, ranking #115 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Western Union's dollar stablecoin, issued on Solana.
In the issuer's words: USDPT is a U.S. dollar-denominated payment stablecoin launched by Western Union, issued by Anchorage Digital Bank N.A. and built on Solana. It is designed for regulated digital payments, always-on settlement, exchange support, and treasury/agent settlement across Western Union's global payments network.
USDPT supply history
USDPT supply grew 34.9% over the past 30 days, to $16.0M. Its peak was $22.4M in October 2026, and supply is 29% below that high.
Is USDPT holding its peg?
USDPT is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where USDPT lives: supply by blockchain
Supply is concentrated: Solana holds 100% of all USDPT. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How USDPT is backed
USDPT is backed by cash and cash equivalents.
Minting and redemption: USDPT is fully backed by U.S. dollars and issued by Anchorage Digital Bank N.A., a federally regulated U.S. crypto bank.
USDPT risks
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
With $16.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
USDPT vs USDT and USDC
Similar fiat-backed stablecoins
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USDPT FAQ
What is USDPT?
Western Union USDPT (USDPT) is a fiat-backed US dollar stablecoin issued by Western Union (issued by Anchorage Digital Bank). It has about $16.0M in circulation, ranking #115 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is USDPT pegged 1:1 to the US dollar?
USDPT targets 1 USD. At the last update it traded at $0.9994, a deviation of -0.06%, which we classify as "on peg".
What backs USDPT?
USDPT is a fiat-backed stablecoin. Cash and cash equivalents.
Which blockchains is USDPT on?
USDPT is live on 1 blockchain. The largest by supply are Solana ($16.0M).
How much USDPT is in circulation?
About $16.0M of USDPT was in circulation at the last update, +34.9% over 30 days. That makes it the #115 stablecoin by supply among those we track.
Does USDPT pay interest?
No. USDPT does not pay yield to holders directly. Any interest earned on its reserves goes to the issuer. Some platforms offer rewards for holding it, but those are paid by the platform, not by USDPT.
Is USDPT safe?
No stablecoin is risk-free. As a fiat-backed design, USDPT's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.