Western Union Partners with Crossmint to Support USDPT Stablecoin on Solana

Crossmint has partnered with Western Union to support the launch of the remittance company’s USDPT stablecoin and its 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 and connect to Western Union’s global payout network.

The Digital Asset Network is intended to link stablecoins with Western Union’s existing payout infrastructure, enabling users to convert digital dollars into local currency through its network of more than 360,000 cash pickup locations worldwide. USDPT will be issued on the Solana blockchain, and Crossmint’s infrastructure will let developers and fintech firms access the token through existing wallet and payment integrations.

Crossmint says its platform serves more than 40,000 clients and includes services such as smart wallets, on- and off-ramps and cross-chain stablecoin management.

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