Financial services company Western Union has filed for a
trademark covering a range of cryptocurrency services. The filing follows an
announcement that the company plans to launch a stablecoin system on the Solana
blockchain early next year.
Western Union Hints at Crypto Expansion
Western Union submitted the trademark application for
“WUUSD” to the US Patent and Trademark Office. The office has accepted the
filing, but it has not yet been assigned to an examiner.
Discover
how neo-banks become wealthtech in London at the fmls25
The application states the trademark could be used for
crypto wallets, trading, and stablecoin payment processing. It also mentions
software for managing and verifying crypto transactions, as well as software
for spending and trading cryptocurrency. Additional services listed include
crypto exchange, trading, payment processing, and financial brokerage services
for cryptocurrency.
The filing references crypto lending services described as
“conducting a securities and derivatives exchange,” which may indicate an
expansion beyond Western Union’s traditional send and receive services.
🟡 Western Union has filed a US Patent and Trademark for “WUUSD”, related to crypto services and stablecoins. Western Union’s USDPT stablecoin will arrive on Solana in 2026. pic.twitter.com/9fsBRnoPML
— ALLINCRYPTO (@RealAllinCrypto) October 31, 2025
Stablecoin Launch Linked to Anchorage Partnership
Western Union announced its stablecoin, the US Dollar
Payment Token (USDPT), on an investor call on October 23. The company said the
token would launch on Solana in the first half of 2026. It also plans to
introduce a Digital Asset Network in partnership with Anchorage Digital Bank to
provide a cash off-ramp for the stablecoin service.
It is currently unclear how WUUSD and USDPT differ. Western
Union filed a trademark application for USDPT in early October.
Stablecoins Grow, Brokers Remain Cautious
In the wider crypto market, stablecoins
are increasingly used, with reports indicating over 109million wallets hold such tokens. Despite
this growth, many brokers remain cautious about offering stablecoin services.
Concerns include regulatory uncertainty, compliance requirements, and
operational risks. The hesitation persists even as usage rises, highlighting a
gap between consumer adoption and institutional integration.
This article was written by Tareq Sikder at www.financemagnates.com.
—
— CONTENT NOT MODERATED BY G6
— Please be careful with this content. If you don’t think it should be here, please get in touch with us at [email protected]
