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Western Union to launch stablecoin transfers across 200 countries through Noah
Payments company Western Union has selected Noah to build a global infrastructure for international stablecoin transfers. The new service will support transactions involving more than 60 currencies across over 200 countries and territories, reducing transaction costs and processing times.
The companies announced the partnership on October 21, 2026. Noah's technology infrastructure will power Receiver Redirect, a service connecting traditional money transfers with blockchain-based payments.
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The solution is designed for Western Union's customer base of more than 150 million people. Users will be able to send funds through the company's existing network of over 500,000 agent locations worldwide.
Transfers will use Solana-based stablecoin
The new service will be built around USDPT, a U.S. dollar-pegged stablecoin issued by Anchorage Digital Bank on the Solana blockchain.
Receiver Redirect will allow customers to send money through Western Union's agent network, with recipients receiving USDPT directly in the company's digital wallet.
Users will be able to hold the received assets through Stablecard, a Western Union product introduced in August 2026. This will eliminate the need to immediately convert stablecoins into traditional currencies after receiving a transfer.
Noah will provide the technical infrastructure for transaction pre-funding, currency conversion and stablecoin distribution to recipients. The company will also support compliance with local regulatory requirements.
"Customers increasingly want greater flexibility in how they receive, hold and use money," said Malcolm Clarke, Western Union's head of digital assets.
According to Clarke, the new system will enable international transfers to be deposited directly into customers' wallets in stablecoins, connecting the traditional payment network with digital assets.
Payment companies expand stablecoin adoption
The partnership between Western Union and Noah reflects growing interest among international payment providers in using blockchain technology for cross-border settlements.
However, the companies have not yet disclosed an exact launch date for Receiver Redirect, customer fees or the list of countries where the service will initially become available.
Previously, Visa announced a partnership with cryptocurrency company Mesh to enable digital asset payments at more than 175 million merchant locations worldwide. The solution will allow consumers to pay for goods using cryptocurrencies and stablecoins directly from their wallets without manually converting them into traditional currencies beforehand.
Major payment networks are therefore developing different applications for digital assets: Western Union is focusing on international remittances, while Visa is targeting everyday purchases.
Earlier, we reported that Mastercard expanded its stablecoin payment infrastructure for banks and financial technology companies. The initiative aims to increase the use of digital assets in traditional financial services.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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