Western Union Partners Crossmint to Power USDPT Stablecoin on Solana

Highlights:

• Western Union and Crossmint will connect blockchain payments with a global remittance network.
• USDPT Stablecoin will run on Solana and connect digital dollar transfers with Western Union cash payout locations.
• High remittance fees have pushed companies to test stablecoins for faster and cheaper cross-border payments.

Crossmint has partnered with Western Union to support the rollout of the USDPT stablecoin on the Solana blockchain. The agreement links Crossmint’s wallet infrastructure with Western Union’s global payout system. Fintech companies using Crossmint tools will gain access to Western Union’s payment rails. Developers can move digital dollars through blockchain networks and route funds through existing payout channels.

@WesternUnion launches USDPT stablecoin.@Crossmint has partnered with Western Union to launch the USDPT stablecoin and the Digital Asset Network on Solana.

This will allow fintech platforms to move funds using USDPT and connect to Western Union’s global payout network.

Users… pic.twitter.com/KfXz3F6Ovy

— TU Airdrop Daily (@daily_tu69577) March 5, 2026

Crossmint will integrate wallet and payment APIs directly into Western Union’s infrastructure. Developers can plug these tools into financial applications that already run on Crossmint systems. The integration includes smart wallets, on-ramps, off-ramps, and cross-chain stablecoin management tools. Crossmint currently supports more than 40,000 clients across digital commerce and tokenized asset platforms. These services include wallet creation, token issuance, and payment settlement tools.

Western Union has one of the largest cross-border payment systems in operation. The company supports transfers across more than 200 countries and territories. Customers receive funds through retail counters, bank accounts, and digital wallets.

Rodrigo Fernández Touza, co-founder of Crossmint, said:

“Stablecoins are quickly becoming a foundation for global treasury money movement. Western Union has one of the most recognized payout networks on the planet.”

Global Cash Payout Network Expands Access for USDPT Stablecoin

Western Union plans to connect USDPT transfers to its Digital Asset Network. This system links blockchain settlement with the company’s payout infrastructure. Digital dollars sent through blockchain networks can be converted into local currency through Western Union channels. Recipients can collect funds using the same payout points that support traditional remittance services.

The company operates more than 360,000 cash pickup locations worldwide. These locations support customers who rely on physical cash access. Stablecoin transactions routed through Western Union infrastructure can reach these distribution points. Western Union’s network spans more than 200 countries and territories. The infrastructure also supports transfers across over 130 currencies. Customers can receive funds through bank deposits, digital wallets, or retail locations.

The Digital Asset Network allows fintech companies to settle transactions using stablecoins. Once the transaction enters Western Union’s system, the network converts the digital value into local currency. Recipients can then collect funds through nearby payout locations.

Western Union built its business around cross-border remittance services. Migrant workers frequently use these services to send money to families abroad. The Digital Asset Network connects blockchain settlement to the established remittance structure. Stablecoins move value digitally, while payout locations distribute funds locally.

Stablecoins Gain Ground as Remittance Settlement Tools

Western Union announced the USDPT project in October last year. The company said the Solana-based stablecoin will launch during the first half of this year. The token is targeting faster settlement for cross-border payments. Stablecoins allow dollar-denominated value to move across blockchain networks within seconds.

Western Union is developing a prepaid stablecoin card for countries with high inflation. CFO Matthew Cagwin stated at the UBS Global Technology and AI Conference that the product aims to help users protect purchasing power from rapid currency depreciation. For example, in…

— Wu Blockchain (@WuBlockchain) December 6, 2025

Western Union executives have discussed additional crypto payment products. The company is exploring a prepaid stablecoin card designed for high-inflation countries. The card would allow users to store value in digital dollars when local currencies lose purchasing power.

Other financial institutions have also entered the stablecoin sector. Sony Bank, the online banking division of Sony Group, plans to launch a dollar-backed digital token. The bank intends to support payments across Sony’s entertainment ecosystem. Meanwhile, Crossmint recently partnered with Circle to expand access to its stablecoin, USDC, across many blockchains.