From Startup Fortune · · 1m
Solana breaks $140 as Western Union's stablecoin bet pays off
Western Union's choice of Solana for stablecoin payments lifts SOL price to $140.
In brief
Western Union's choice of Solana for stablecoin payments lifts SOL price to $140. Western Union's USDPT stablecoin on Solana, launched in May 2026, drives SOL price above $140 as remittance companies adopt cheaper settlement. Originally reported by Startup Fortune.
Solana price breaks $140
Solana climbed roughly 3.2% this week to break above $140 for the first time in nearly a year.
Western Union's stablecoin choice
Western Union chose Solana as the settlement rail for its USDPT stablecoin instead of Ethereum.
USDPT stablecoin launch
Western Union's USDPT stablecoin launched on May 4, 2026, via Anchorage Digital Bank N.A.
Remittance corridors
Western Union rolled out USDPT first in Bolivia and the Philippines, targeting 130 million users.
Solana's cost advantage
Solana offers sub-cent fees and sub-second finality for remittance transfers.
Solana Breakpoint conference
Solana Breakpoint conference lands in London on November 15 to 17, 2026.
Remittance industry shift
Remittance companies are watching Western Union's choice and deciding whether to follow.
The short version
Western Union's USDPT stablecoin on Solana, launched in May 2026, drives SOL price above $140 as remittance companies adopt cheaper settlement.
