Western Union is set to release a US dollar-pegged stablecoin, USDPT, on the Solana blockchain. The project will be executed in collaboration with the Web3 platform Crossmint.
A huge moment for stablecoins.
Crossmint is partnering with @WesternUnion to help bring their USDPT stablecoin on @solana to millions of users.
Together, we’ll help connect stablecoin payments to tens of thousands of Western Union on and off ramps worldwide. pic.twitter.com/x5bSy7rnal
— Crossmint (@crossmint) March 4, 2026
To facilitate the asset, Western Union will establish the Digital Asset Network platform. Crossmint will provide the technological infrastructure, including cryptocurrency wallets and payment APIs.
The primary feature of USDPT is its direct conversion into national currencies. Users will be able to cash out digital dollars at 360,000 Western Union locations in over 200 countries.
This integration will enable third-party fintech applications to conduct instant transactions via Solana and send funds directly to cash pickup points.
Malcolm Clarke, Vice President of Digital Assets at Western Union, noted that the partnership will securely link the digital economy with the traditional cash payment sector. Crossmint co-founder Rodrigo Fernandez Touza added that stablecoins are rapidly becoming the new standard for international money transfers.
Stablecoin Dynamics on Solana
The choice of the “people’s cryptocurrency” network for integration is justified by market trends. According to Grayscale, the stablecoin segment on Solana experienced record growth in February.
Allium reports that transaction volumes reached $650 billion, more than double the previous record set in October of the previous year. Consequently, the blockchain became the absolute leader in this metric among all networks for the past month.
Grayscale analysts highlighted the “depth and diversity” of Solana’s on-chain activity. The blockchain leads in key metrics such as user numbers, transaction volumes, and fee sizes.
Experts identified stablecoins as the main driver of mass cryptocurrency adoption. They estimate that Solana has a strong chance to capture a significant market share in the everyday retail payments segment.
Back in October 2025, Western Union announced the launch of a pilot project for stablecoin payments.
