Western Union to pursue Solana-based stablecoin 'USDPT'… partners with Crossmint

Global remittance firm Western Union is partnering with blockchain infrastructure company Crossmint to launch its Solana (SOL)-based stablecoin, 'USDPT'.

According to a report by Cointelegraph on the 4th (local time), Crossmint said it has signed a partnership to support Western Union’s stablecoin USDPT and the buildout of a 'Digital Asset Network'.

The two companies plan to integrate Crossmint’s wallet and payments APIs with Western Union’s infrastructure, enabling fintech platforms to move funds using stablecoins. Through this, a blockchain-based payment system will be connected to Western Union’s global remittance network.

The Digital Asset Network is designed to combine stablecoin payments with existing remittance infrastructure. Users will be able to convert digital dollar-denominated assets into local currency and receive payouts at more than 360,000 cash pick-up locations worldwide.

USDPT is set to be issued on the Solana blockchain. Crossmint plans to help developers and fintech companies using its platform utilize the token through existing wallet and payments integration systems.

Crossmint provides infrastructure such as smart wallets, on- and off-ramps, and cross-chain stablecoin management, and currently has more than 40,000 clients.

Western Union traces its origins to 1861, when it began with the construction of the first transcontinental telegraph network in the United States, and now operates remittance services in more than 200 countries and territories. Through its global network, it supports payments in more than 130 currencies.

Western Union first disclosed plans to launch USDPT in October 2025, and the stablecoin is targeted for release in the first half of 2026.