Crypto exchange Kraken said on Wednesday that funding and trading for USDPT, Western Union’s USD-pegged stablecoin, is live on its platform.
USDPT is issued by Anchorage Digital Bank on the Solana blockchain. The token is redeemable 1:1 for U.S. dollars, with reserves held in bank deposits, U.S. Treasury bills and similar cash equivalents, according to Western Union’s product page.
Kraken said trading via its app and Instant Buy will follow once liquidity conditions are met. Geographic restrictions may apply.
Western Union has positioned USDPT as an operational payments rail rather than a retail savings product. Kraken’s listing description says the token enables “just-in-time liquidity provisioning to agents, reducing pre-funding requirements and settlement times from days to seconds.”
Across Western Union’s network of more than 400,000 agents worldwide, the token links to agent wallets for cash payouts and to Digital Asset Network partners for on-ramps and off-ramps.
Western Union first announced USDPT and its Digital Asset Network in October 2025, targeting first-half 2026 availability. Kraken’s listing now gives that strategy a live exchange distribution channel.
