Western Union will launch its own stablecoin, the USDPT, on the Solana blockchain in 2026. This dollar-backed token aims to help its 100 million customers send money internationally without being affected by local currency fluctuations. The initiative follows a growing trend of financial institutions entering the stablecoin market.

Wyoming has officially launched the Frontier Stable Token (FRNT), the first blockchain-based asset backed by a U.S. state, utilizing the Solana blockchain. This state-issued stablecoin aims to provide public accountability and is designed to offer low-cost, efficient transactions while being backed by U.S. dollar reserves and short-duration U.S. Treasuries.