Western Union partners with Crossmint to facilitate the launch of its stablecoin USDPT on Solana.

CoinFeed reported on March 5th, citing Cointelegraph, that Western Union, a cross-border payment company, has partnered with infrastructure provider Crossmint to support the issuance of its USDPT stablecoin on the Solana blockchain and connect it to a global payment network. This partnership will integrate Crossmint's wallet and payment APIs with Western Union's infrastructure, allowing fintech platforms to use the stablecoin to transfer funds and exchange digital dollars for local currencies through Western Union's more than 360,000 cash withdrawal points worldwide. Previously, in October of last year, it was reported that Western Union planned to launch USDPT, a stablecoin built on the Solana blockchain, in 2026.