cryptonews.net
Crossmint, enterprise platform for stablecoin and wallet infrastructure, has partnered with Western Union, global provider of cross-border money transfer services, to support the launch of USDPT. The new U.S. dollar-denominated stablecoin will be issued on the Solana blockchain and integrated into Western Union’s Digital Asset Network.
The Digital Asset Network is designed to connect blockchain payments with traditional cash infrastructure. Through the system, users will be able to convert digital dollars into local currency at Western Union collection points worldwide. The model aims to bridge stablecoins with existing financial access points.
As part of the cooperation, Crossmint will integrate its wallet and payment APIs with the Digital Asset Network. This integration will allow developers and fintech companies to access USDPT and build services around digital dollar payments.
Over time, the companies expect the system to support instant transfers on the Solana network and simplify cross-border value movement. Applications built on Crossmint’s infrastructure will be able to hold funds in USDPT and connect to Western Union payout options where available.
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