Western Union, a global giant in cross-border consumer payments, and Crossmint, a blockchain infrastructure provider that supports tokenized assets and digital commerce, have teamed up to support the rollout of the US 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 aims to streamline international money transfers. It is issued by Anchorage Digital Bank and can be traded on partner exchanges.
The company also plans to launch a Digital Asset Network that will connect stablecoins to cash access points in more than 200 countries through more than 360,000 collection locations worldwide.
The partnership will integrate Crossmint with Western Union’s recently unveiled Digital Asset Network.
“Stablecoins are quickly becoming a foundation for the global movement of treasury money,” said Rodrigo Fernández Touza, co-founder of Crossmint, noting that Western Union has one of the most established payout networks.
Under the agreement, Crossmint will enable access to USDPT through its wallet and payment APIs, allowing fintech applications to settle transactions on Solana and convert holdings to local currency through Western Union’s payout infrastructure.
“Working with partners like Crossmint allows global wallets and digital platforms to connect seamlessly to Western Union’s trusted payments 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 attracted increasing interest from payments-focused projects looking for scalability.
Backed by Ribbit Capital and Franklin Templeton, Crossmint serves more than 40,000 customers with integrated wallet solutions and cross-chain stablecoin tools.
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