Crossmint, a business platform for stablecoin infrastructure and e-wallets, has partnered with Western Union, a global provider of cross-border money transfer services, to launch USDPT. This new stablecoin, pegged to the US dollar, will be issued on the Solana blockchain and integrated into Western Union’s Digital Asset Network.
The Digital Asset Network is designed to bridge blockchain payments with traditional cash infrastructure. Through the system, users will be able to convert digital dollars to local currency at Western Union’s payout locations worldwide. The model aims to connect stablecoins with existing financial access points.
As part of the collaboration, Crossmint will integrate its e-wallet and payment APIs with the Digital Asset Network. This integration will enable developers and fintech companies to access USDPT and create services around digital dollar payments.
Over time, the companies hope the system will support instant transfers on the Solana network and streamline cross-border asset movement. Applications built on Crossmint’s infrastructure will be able to hold funds in USDPT and link to Western Union’s payment options when they become available.
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