Western Union has partnered with blockchain infrastructure provider Crossmint to support the launch of its USDPT stablecoin and Digital Asset Network on the Solana blockchain.
The collaboration will integrate Crossmint’s wallet and payment APIs with Western Union’s infrastructure, allowing fintech platforms to move funds using the stablecoin.
The USDPT token will run on Solana and connect blockchain transactions with Western Union’s global payout network.
Through the system, users will be able to convert digital dollars into local currency at more than 360,000 cash pickup locations worldwide.
Western Union first announced plans for the USDPT stablecoin in October 2025, targeting a launch in the first half of 2026.
The initiative is aimed at improving cross-border remittances, where traditional transfers can take days to settle and often carry fees of around 6%.
Stablecoins are increasingly viewed as an alternative payment rail for international transfers because they allow dollar-denominated value to move instantly across blockchain networks.
At the time of reporting, Solana price was $90.24.