Crossmint partners with Western Union to support USDPT stablecoin and Digital Asset Network on Solana

Crossmint has announced a partnership with Western Union to help roll out USDPT, Western Union’s new U.S. dollar‑denominated stablecoin, and its associated Digital Asset Network on the Solana blockchain. USDPT is issued by Anchorage Digital Bank N.A., a federally regulated U.S. national trust bank, is designed to be fully backed 1:1 by U.S. dollar reserves, and will function as a blockchain-based settlement asset integrated into Western Union’s global payment systems. Under the partnership, Crossmint will integrate Western Union’s Digital Asset Network into its existing wallet and payment APIs, so fintechs and developers using Crossmint can support USDPT on Solana without building their own blockchain infrastructure. This integration is intended to let users move funds instantly in USDPT on Solana, hold value in digital dollars, and, where available, connect to Western Union’s payout options including conversion of digital dollars into local currency via more than 360,000 cash pickup locations in over 200 countries and territories. Western Union positions this as part of a shift toward regulated, digital‑first infrastructure for cross‑border payments, targeting faster, lower‑cost remittances while maintaining its existing compliance and risk controls. The initiative matters for both the stablecoin and remittance sectors because it links a regulated, bank‑issued stablecoin on a high‑throughput chain (Solana) directly to one of the world’s largest cash payout networks, potentially expanding real‑world on/off‑ramps for digital dollars. For the Web3 ecosystem, Crossmint’s role as infrastructure provider lowers integration friction for exchanges, wallets, and fintech apps that want to support USDPT and tap into Western Union’s Digital Asset Network, and it may intensify competition among USD‑pegged stablecoins used for global payments and remittances.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Western Union Taps Crossmint To Launch USDPT on Solana (coinmarketcap.com)
• Crossmint Partners with Western Union to Support USDPT ... (crossmint.com)
• Crossmint Partners with Western Union to Support USDPT ... (prnewswire.com)
• Western Union to Launch Ripple's Stablecoin Rival, USDPT, on ... (tradingview.com)
• Western Union Launches USDPT on Solana Advancing Regulated ... (ir.westernunion.com)

Explore the topic

• Solana
• Stablecoins