Western Union, a global giant in cross-border consumer payments, and Crossmint, a blockchain infrastructure provider supporting 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 the first dollar-pegged Western Union stablecoin created in Solana.
The token is expected to be introduced in the first half of 2026 and is aimed at simplifying international money transfers. It is issued by Anchorage Digital Bank and sold 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 newly formed Digital Asset Network.
“Stablecoins are fast becoming the foundation of the global movement of fiat money,” said Rodrigo Fernandez Tuza, co-founder of Crossmint, noting that Western Union has one of the most popular payment networks.
Under the agreement, Crossmint will provide access to USDPT through its wallet and payment APIs, allowing fintech applications to complete transactions on Solana and convert holdings into local currency through Western Union’s payment infrastructure.
Malcolm Clarke, the company’s vice president of digital assets, said: “Working with partners like Crossmint helps connect global wallets and digital platforms to Western Union’s trusted payment infrastructure.
The move reflects the ongoing trend of legacy financial firms partnering with blockchain infrastructure providers to enter the stablecoin market. Solana’s high-speed network has drawn increasing attention from payment-oriented projects to scalability.
Backed by Ribbit Capital and Franklin Templeton, Crossmint serves more than 40,000 customers with embedded wallet solutions and stablecoin blockchain tools.
