Crypto: Western Union Teams With Crossmint To Support Usdpt Stablecoin On...
The infrastructure provider will support the planned launch of Western Union’s USDPT stablecoin on Solana, linking blockchain payments to its global payout network.
Crossmint has partnered with Western Union to support the launch of the remittance company’s USDPT stablecoin and its new Digital Asset Network on the Solana blockchain.
Wednesday’s announcement said the collaboration will integrate Crossmint’s wallet and payment APIs with Western Union’s infrastructure, allowing fintech platforms to move funds using the stablecoin and connect to Western Union’s global payout network.
That Digital Asset Network is intended to link stablecoins with the company’s existing payout infrastructure, enabling users to convert digital dollars into local currency through its network of more than 360,000 cash pickup locations worldwide.
The USDPT stablecoin will be issued on the Solana (SOL) blockchain, according to the announcement. Crossmint said its infrastructure will allow developers and fintech companies using its platform to access the token through existing wallet and payment integrations.
Crossmint said its platform is used by more than 40,000 clients and includes services such as smart wallets, on- and offramps, and cross-chain stablecoin management.
Western Union, which is known for completing the first transcontinental telegraph line in 1861, today operates a global money transfer network spanning more than 200 countries and territories and supports payments across more than 130 currencies through a network of retail locations, bank accounts and digital wallets.
The company first announced plans for the USDPT stablecoin in October 2025, saying the Solana-based token would launch in the first half of 2026.
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Western Union’s core business is remittances, enabling people to send money across borders to family members and recipients in their home countries. Through traditional payment rails, these transfers can take days to settle, often carry fees of several percentage points and typically do not process on weekends or holidays.
Source: CoinTelegraph
