Crossmint, Western Union partner to bring USDPT stablecoin to Solana

Western Union is moving deeper into blockchain payments with a new stablecoin initiative tied to the Solana network.

The company has partnered with Crossmint to support the rollout of USDPT, a U.S. dollar-denominated stablecoin that will operate on the Solana (SOL) ecosystem.

The collaboration was announced on March 4 by Crossmint and will connect the stablecoin to Western Union’s newly introduced Digital Asset Network, which links on-chain dollars to real-world cash access across its global payout infrastructure.

Stablecoin connected to Western Union’s payout network

USDPT was first revealed in October 2025, with a launch expected in the first half of 2026. The stablecoin will be issued by Anchorage Digital Bank.

Western Union’s Digital Asset Network links blockchain transfers with its global cash distribution system. Through the network, users can convert digital dollars into local currency using more than 360,000 collection points worldwide, spanning over 200 countries and territories.

Malcolm Clarke, Western Union’s vice president of digital assets, said the network connects digital wallets and platforms directly to the company’s payout infrastructure. Partners such as Crossmint provide the technology layer that allows these integrations to work across blockchain systems and traditional payment rails.

This setup allows stablecoin transactions to move on-chain while still connecting to familiar cash pickup services used in many remittance corridors.

Crossmint infrastructure supports wallets and fintech apps

Crossmint will integrate USDPT into its wallet infrastructure and payment APIs, allowing fintech platforms and developers to access the stablecoin through its existing tools.

Rodrigo Fernández Touza, co-founder of Crossmint, said the collaboration links digital dollar transfers with Western Union’s global payout network.

Developers using Crossmint’s APIs can build applications that send funds on Solana while offering recipients the option to collect cash through Western Union locations where available.

The system allows fintech apps to hold value in digital dollars, transfer funds instantly on-chain, and connect to Western Union’s payout network when users need local currency.

Solana’s fast settlement speeds and low transaction costs have made it a common choice for payment-focused blockchain applications, including stablecoin transfers and cross-border transactions.