Denver, Colorado and London, UK - October 20 2026 - Noah, the stablecoin payments infrastructure provider, has been selected by The Western Union Company (NYSE: WU), the world's largest international money transfer and retail remittance network, to power a global platform for the transfer of funds between fiat currencies via rapid and low-cost stablecoin infrastructure. Ushering in a new era for international payments, moving money seamlessly across 200 countries and territories while cutting the delays and costs of remittances.
Powering Receiver Redirect
The Noah stablecoin infrastructure will provide the underlying on-chain banking network for Western Union’s Receiver Redirect service. The service will enable stablecoin transfers in over 60 currencies across more than 200 countries and territories. The global stablecoin service will support Western Union’s 150-plus million customers by cutting the time and cost of making international money transfers.
How it works
The new stablecoin payments service is based on Western Union’s USDPT™, a US dollar stablecoin that is issued by Anchorage Digital Bank on Solana, and uses Noah’s infrastructure to enable seamless cash transfers. The Receiver Redirect stablecoin service will enable consumers to use Western Union’s half a million-plus agent locations worldwide to send funds as USDPT™ to almost anywhere on the globe with recipients collecting the stablecoins into a Western Union wallet. Users will be able to hold USDPT™ stablecoin assets indefinitely using Western Union’s Stablecard that was announced in August 2026.
A watershed moment for stablecoin
"The international movement of money through traditional banks is slow, expensive and no longer fit for purpose. Stablecoin opens up a new, faster and cheaper way to move funds globally. Western Union is not just one of the world’s leading money transfer companies, but a visionary in its early adoption of stablecoin. This is a watershed moment for the future of stablecoin and sends a real signal the market has shifted. We're proud to provide the banking infrastructure behind Receiver Redirect, and to power the next era of international remittances for Western Union,” said Shah Ramezani, Founder and CEO, Noah.
The infrastructure behind it
Noah’s stablecoin banking infrastructure will provide Western Union with the treasury and licensing required to pre-fund, convert, and disperse USDPT™ to recipients. It will also ensure local regulatory compliance through adherence to stablecoin rails for all transfers.
“Customers increasingly want greater flexibility in how they receive, hold and use money," said Malcolm Clarke, Global Head Digital Assets, Western Union. “This new capability is a global first, taking a Western Union money transfer and delivering it directly into the customers' stablecard wallet in USDPT™ stablecoin, creating a seamless connection between our global money movement network and our digital asset ecosystem."
A $905 billion opportunity
The new Receiver Redirect stablecoin service will support the global remittance flow markets that equates to $905 billion a year according to the World Bank. The advent of stablecoin transfer will cut the time delays of international remittances from days to hours, and slash bank fees from 6% of the transfer value, as reported by the World Bank, to a fraction of the cost.
Stablecoin is rapidly gaining traction as a method of choice for cross-border payments with B2B stablecoin volume reaching an annualised $226 billion in 2026, up 733%. There is also considerable opportunity for stablecoin as today it represents under 1% of global cross-border B2B flows.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Western Union’s leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments - across more than 200 countries and territories and nearly 130 currencies - to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Western Union’s goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.
USDPT™ is issued on the Solana blockchain by Anchorage Digital Bank, N.A., a US national trust bank. USDPT™ is not issued, backed, approved, or guaranteed by the US government. USDPT™ is not insured by the Federal Deposit Insurance Corporation (FDIC) or any other US government agency.