Western Union, a global giant in consumer cross-border payments, and Crossmint, a blockchain infrastructure provider supporting tokenized assets and digital commerce, have teamed up to support the rollout of the U.S. Dollar Payment Token (USDPT), according to a recent blog post.
Introduced last October, USDPT is Western Union’s first dollar-pegged stablecoin built on Solana.
The token is expected to debut in the first half of 2026 and is aimed at streamlining international money transfers. It will be issued by Anchorage Digital Bank and tradable on partner exchanges.
The firm also plans to launch a Digital Asset Network that connects stablecoins to cash access points in more than 200 countries through over 360,000 collection locations worldwide.
The collaboration will see Crossmint integrate with Western Union’s newly unveiled Digital Asset Network.
“Stablecoins are quickly becoming a foundation for global treasury money movement,” said Rodrigo Fernández Touza, co-founder of Crossmint, noting that Western Union has one of the most established payout networks.
Under the arrangement, Crossmint will enable access to USDPT through its wallet and payment APIs, allowing fintech applications to settle transactions on Solana and convert holdings into local currency via Western Union’s payout infrastructure.
“Working with partners like Crossmint helps to seamlessly connect global wallets and digital platforms to Western Union’s trusted payment infrastructure,” said Malcolm Clarke, the company’s vice president of digital assets.
The move reflects an ongoing trend of legacy financial firms partnering with blockchain infrastructure providers to enter the stablecoin market. Solana’s high-throughput network has drawn increasing interest from payment-focused projects seeking scalability.
Crossmint, backed by Ribbit Capital and Franklin Templeton, serves more than 40,000 clients with embedded wallet solutions and cross-chain stablecoin tools.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.