Shares of Western Union (WU) rose 6.5% on Tuesday after the company announced plans to introduce the US Dollar Payment Token (USDPT) on Solana, issued by Anchorage Digital Bank, as well as a crypto exit network called Digital Asset Network.
According to investment bank William Blair, the move highlights that stablecoins are an opportunity, not a threat, for remittance businesses that embrace innovation.
The bank’s analysts expect more details at Western Union’s investor day on Nov. 6, but said stablecoin remittances could speed settlement, reduce pre-funding needs and increase capital efficiency, particularly in inflation-prone markets.
The Digital Asset Network, which provides cash withdrawal access to 380,000 Western Union agents, shows how money transfer companies can monetize stablecoin flows, analysts said, although fiat entry and exit remains a major hurdle.
Despite progress in digital and consumer services, the report notes slow growth in basic cash transfers and the potential pressure of a tax on remittances in 2026.
The company said Western Union’s 10% dividend yield and low 5.3x 2026 P/E should support the shares, but maintained its Market Perform rating on the stock, calling accelerating revenue and digital execution next tests for management.
WU shares rose 2% to $9.68 in the minutes after the market opened.
Learn more: Western Union CEO Sees Stablecoins as an Opportunity, Not a Threat: Bloomberg
