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The firm chose Solana for its low fees and speed, aiming to cut remittance delays and improve transparency in global money transfers.

Western Union plans to launch a dollar-backed stablecoin on Solana, opening a new channel for its global customers to move money with lower fees and faster settlement.
The company, which built the first transcontinental telegraph line in 1861, is recasting its network for a digital era where transactions clear in seconds and run around the clock.
In a statement on Tuesday, Western Union said its US Dollar Payment Token (USDPT) will be issued by Anchorage Digital Bank and is scheduled to launch in the first half of 2026.
Western Union said users will access the asset through partner exchanges, then send value internationally without exposure to local currency swings and banking bottlenecks.
Western Union Bets on Blockchain to Cut Costs in Global Remittances
Executives framed the move as a return to the firm’s roots of connecting people through technology, only with new rails.
Devin McGranahan, Western Union’s president and chief executive, indicated that shifting into digital assets is the next chapter in a 175-year effort to make money movement simpler and more reliable.
NEW: WESTERN UNION CEO SAYS “WE LOOKED AT MOST OF THE OTHER ALTERNATIVES, AND CAME TO THE CONCLUSION… THE SOLANA BLOCKCHAIN WAS THE RIGHT CHOICE FOR US”

pic.twitter.com/qNIuWBxeb4— DEGEN NEWS (@DegenerateNews) October 28, 2025
Solana gives the project high throughput and low fees, which are critical in remittances where cents matter. By settling on a public chain, Western Union aims to shorten the gap between a customer’s send instruction and a recipient’s usable funds, while improving transparency for compliance and reconciliation.
If adoption builds, the firm could accelerate stablecoin usage across mainstream payments. Stablecoins already command a market valued in the hundreds of billions, yet much of that volume sits inside trading venues. A Western Union pipeline would put tokenized dollars to work in everyday transfers, bill pay, and cross-border commerce.
Global Payments Firms Race to Shorten Settlement Cycles With On-Chain Dollars
Anchorage Digital Bank will serve as issuer, bringing a federally chartered framework to custody and reserve management.
Policy developments have encouraged issuers to hold reserves in cash and short-term Treasuries, which supports price stability and redemption.
Competition is intensifying. PayPal introduced a dollar stablecoin with Paxos in 2023 and folded it into its remittance app. MoneyGram launched a wallet to receive and hold USDC. Bank-led networks are testing stablecoin payouts for international transfers, seeking to compress settlement cycles and reduce correspondent banking dependencies.
Wallet Partnerships Will Let Non-Customers Convert Tokens Into Local Currency
Western Union is also building a digital asset network with wallet providers so non-customers can convert tokens into local currency through its retail footprint. That approach aims to bridge on-chain value with cash-out access in markets where bank penetration is low and cash remains dominant.
The company has been piloting blockchain in its own treasury to move funds faster and sidestep legacy cut-offs. Today’s cross-border wires can take days and impose working-capital drag. A tokenized dollar that redeems into bank money on demand could streamline liquidity management across time zones.

#solana
Potential for High Returns
Solana has a history of delivering substantial gains. For instance, a $10,000 investment at its 2020 ICO price of $0.22 would be worth over $1.72 million at its 2025 price of around $180, a 20,000%+ return. While past performance doesn’t guarantee future results, Solana’s growth potential remains strong due to:
Scalability and Speed: Solana processes up to 65,000 transactions per second (TPS) with median fees of $0.00025, making it a top choice for DeFi, NFTs, and tokenized assets.
Growing Ecosystem: Solana hosts projects like Raydium, Kamino, and high-profile meme coins, with $390 million in tokenized assets and over 5 million daily active users in 2025.
Institutional Adoption: Partnerships with Visa, Circle, and pilot programs for tokenized bonds by major banks signal mainstream interest.
Millionaire Potential?
Turning a $10,000 investment into $1 million by 2035 would require a 100x price increase, implying a price of ~$14,400 from its current ~$144. This would need a 58% annual compound growth rate, which is ambitious but not impossible given Solana’s historical growth (e.g., Bitcoin’s 2013-2023 surge). However, more realistic projections suggest:
2025: Prices could reach $200–$400 with ETF approvals and upgrades like Firedancer.
2030: Optimistic forecasts range from $1,258 to $3,200 if Solana captures significant DeFi market share or onboards 100 million users. Achieving millionaire status in 2025 alone is unlikely, as it would require extraordinary market conditions, but long-term holding could yield substantial gains.
Risks to Consider
Volatility: Solana’s price dropped 96% from its 2021 peak of $260 to under $10 in 2022, showing its susceptibility to market swings.
Network Issues: Past outages (e.g., 2021–2024) due to congestion raise reliability concerns, though upgrades like Firedancer aim to address this.
Competition: Ethereum’s upgrades and newer chains like Sui or Aptos could challenge Solana’s market share.
Centralization Criticism: Some argue Solana is less decentralized than competitors, which may affect investor confidence.
Regulatory Risks: Evolving crypto regulations could impact Solana’s growth.
How to Invest in Solana on Binance
Buy SOL: Purchase Solana on Binance using pairs like SOL/USDT or SOL/BTC. Start with a small amount to manage risk.
Stake for Passive Income: Binance offers staking options for SOL with 6–7% APY.
Use Limit Orders: Set buy/sell prices to capitalize on volatility and avoid emotional trading.
Monitor Fees: Binance charges ~0.1% per trade (lower with BNB). Track fees to optimize returns.
Secure Your Assets: Transfer SOL to a wallet like Phantom for safety after trading.
Sentiment and Community
Some X posts express skepticism, labeling Solana a “scam coin” due to its meme coin activity. However, this view is not widely supported by data, as Solana’s fundamentals (speed, low fees, adoption) remain strong. Community sentiment on X is generally bullish, with predictions of $1,000 by year-end if market trends continue.
Advice for Retail Traders
Start Small: Invest only what you can afford to lose, given Solana’s volatility.
Diversify: Combine SOL with other assets (e.g., BTC, ETH) to spread risk.
Long-Term Focus: Holding for 5–10 years may yield better results than short-term trading, given Solana’s growth trajectory.
Stay Informed: Track upgrades like Firedancer (late 2025) and ETF developments, which could drive price surges.
Risk Management: Use stop-loss orders and avoid leverage unless experienced, as it amplifies losses.
Conclusion
Investing in Solana could make you significant returns, potentially life-changing if held long-term, but it’s not a guaranteed path to becoming a millionaire, especially in the short term like 2025. Its strong fundamentals, growing ecosystem, and institutional interest make it a compelling investment, but volatility, competition, and network risks require caution. On Binance, trade strategically, stake for passive income, and prioritize security.
Disclaimer: This is not financial advice. Cryptocurrency investments are high-risk. Do your own research (DYOR) and consult a financial advisor before investing.