Western Union is bringing stablecoin payouts into its remittance service through Receiver Redirect, which lets recipients collect a money transfer as USDPT. The company selected Noah to supply the banking infrastructure, under an arrangement announced on October 21, 2026, that the companies say will shorten settlement from days to hours.
Key takeaways
- Receiver Redirect gives Western Union recipients a USDPT payout option.
- The planned service spans more than 60 currencies and over 200 countries and territories.
- Noah manages settlement operations; Western Union keeps its customers and agent network.
- The companies project faster transfers and lower fees.
How Western Union’s stablecoin payouts will work
Receiver Redirect connects cash sent through Western Union’s agents with USDPT delivered to a recipient’s Western Union wallet. The release puts the service’s planned reach at more than 60 currencies across over 200 countries and territories, serving a network with more than 150 million customers and more than half a million agent locations.
Recipients can keep USDPT indefinitely in the wallet using Stablecard, announced in August. That adds a settlement function to Western Union’s earlier consumer-facing stablecoin work: Stablecard was built with Rain, which said in October that it was live in 37 markets.
The distinction is where the stablecoin enters the transfer. Stablecard provides a way to hold and use funds; Receiver Redirect settles the remittance itself in USDPT.
“Customers increasingly want greater flexibility in how they receive, hold and use money,” said Malcolm Clarke, Western Union’s Global Head of Digital Assets.
Noah handles settlement, while Western Union keeps the network
Noah will handle treasury, licensing and local regulatory compliance for the payouts. Its responsibilities include prefunding, converting and disbursing USDPT, while Western Union retains the customer relationship and control of its agent network.
The release describes Noah’s infrastructure as supporting more than 100 countries and 40 currencies. According to Noah’s own website, the company’s payout product handles conversion of stablecoins into over 30 different fiat currencies, with Felix Capital, FJ Labs and LocalGlobe named as backers.
Those figures describe Noah’s network and payout product, rather than the broader reach specified for Receiver Redirect.
Companies target lower remittance costs
Western Union and Noah say stablecoin settlement will reduce transfer times from days to hours and bring fees down to a fraction of traditional bank charges. These are the companies’ stated expectations for the settlement model.
Citing the World Bank, they put the addressable global remittance flow at $905 billion a year and average bank fees at about 6% of the transfer value.
Shah Ramezani, Noah’s Founder and CEO, framed the partnership around those costs and delays. “Stablecoin opens up a new, faster and cheaper way to move funds globally,” he said.
USDPT connects the payout service to Solana
For its stablecoin payouts, Western Union relies on the token USDPT, issued on Solana by Anchorage Digital Bank, a nationally chartered US trust bank. Receiver Redirect delivers that dollar stablecoin into recipients’ wallets.
Besides USDPT, Anchorage Digital Bank also serves as issuer for USDtb alongside Ethena Labs and for USA₮ in partnership with Tether, while Western Union rolled out USDPT across Bybit’s fiat channels in Latin America this past June.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.