# USDPT stablecoin now available for trading on Kraken Western Union-backed digital currency launches on major exchange - **Source:** [Kraken Blog](https://brifing.si/source/d5b3c3d8-9f4f-4485-9bd1-50ba4c5fe7ae) - **Published:** 2026-07-09 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/9bbce3e2-5b86-46e6-9d73-0d935154bed2 ## USDPT Launch Kraken has listed Western Union's USD-backed stablecoin USDPT, available for trading since July 9, 2026. Issued by federally chartered Anchorage Digital Bank and built on Solana blockchain, USDPT is designed for global payments and value transfer, bridging traditional finance with crypto ecosystems through Western Union's extensive network. ## Western Union's Digital Strategy USDPT connects Western Union's 500,000 physical locations across 200+ countries to digital asset ecosystems. This stablecoin offers near real-time settlement for the company's 150+ million customers, potentially revolutionizing treasury and remittance operations by reducing transfer times from days to seconds while providing just-in-time liquidity solutions. ## Technical Infrastructure USDPT serves as the native settlement asset for Western Union's self-custodial Visa card. Through the Digital Asset Network (DAN), users can easily convert between fiat and crypto at Western Union locations. The token enables 24/7 cross-border transactions, treasury optimization, and streamlined liquidity management for financial institutions worldwide. ## Trading on Kraken Users can deposit USDPT via Kraken's Funding section, but must use supported networks. Instant Buy features and mobile app trading will activate after sufficient liquidity is achieved. Geographic restrictions may apply for certain jurisdictions. Kraken emphasizes that deposits through unsupported networks will result in permanent loss of funds. ## Position in Stablecoin Market USDPT stands out as Western Union's first major blockchain venture, backed by 170 years of financial infrastructure. Unlike other stablecoins, it combines regulatory compliance (issued by a chartered bank) with global physical presence. Experts predict significant adoption in emerging markets' remittance sectors due to Western Union's established trust and accessibility. ## Milestone in Digital Finance USDPT's launch marks a significant step in traditional finance's blockchain adoption. Western Union's entry into stablecoins could accelerate crypto integration into mainstream finance, particularly for global payments and institutional solutions. This move potentially opens a new chapter for cross-border transactions, combining legacy financial reliability with blockchain efficiency. ## Sources covering this story - https://blog.kraken.com/product/asset-listings/usdpt-is-available-for-trading — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._