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13h ago

Western Union Reportedly Taps Solana for Planned Dollar Token, Wallet and Settlement Network

The company aims to shield remittances from inflation by preparing a Solana settlement layer with a proprietary dollar token.

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Overview

  • Trademark filings show the 'WUUSD' brand application has been accepted for wallet services, trading features and payment processing.
  • A Digital Asset Network known as DAN is scheduled to debut in the first half of 2025 to link Western Union with on- and off-ramp providers.
  • Industry reports indicate Solana has been selected as the settlement layer for the system.
  • A dollar-based US Dollar Payment Token is being co-developed with Anchorage Digital Bank with an exchange rollout planned for 2026.
  • Executives say the company’s footprint across about 200 jurisdictions positions it to seed adoption at physical retail counters, including a planned 'stable card' for high-inflation markets.