Summary
- Western Union said it plans to launch a stablecoin in 2026.
- The token will be issued on the Solana (SOL) blockchain, and it said it will introduce its own Digital Asset Wallet Network as well.
- Western Union said it plans to gradually expand blockchain-based services to the global market after regulatory approvals.
The world's largest remittance payments company Western Union (Western Union) is planning to launch a stablecoin next year. The blockchain transition of global remittance networks is expected to gain momentum.
On the 28th (local time), economic news bulletin channel Walter Bloomberg (Walter Bloomberg) reported, citing The Wall Street Journal, that Western Union plans to issue its own stablecoin in 2026. The token is expected to be issued on the Solana (SOL) blockchain.
Western Union also plans to launch its own Digital Asset Wallet Network (Digital Asset Wallet Network) alongside the stablecoin issuance. The idea is to enable users worldwide to directly use remittance and payment functions on top of blockchain infrastructure.
This announcement is viewed as part of a trend of traditional financial institutions moving to blockchain payment networks. Western Union has already conducted pilot programs for virtual asset-based cross-border remittances in some regions, and is expected to gradually expand into the global market after obtaining regulatory approvals.
JH Kim
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