Crossmint Partners with Western Union to Support USDPT Stablecoin and Digital Asset Network on Solana
Crossmint is partnering with Western Union (NYSE: WU) to support USDPT, Western Union's U.S. dollar stablecoin issued on Solana, and to integrate with Western Union's new Digital Asset Network.
Rhea-AI Summary
Crossmint is partnering with Western Union (NYSE: WU) to support USDPT, Western Union's U.S. dollar stablecoin issued on Solana, and to integrate with Western Union's new Digital Asset Network.
The collaboration will connect Crossmint's wallet and payment APIs to Western Union's payout network—providing real-world cash access at more than 360,000 collection points and reach in over 200 countries—and aims to enable instant fund movement and new fintech use cases on Solana.
Positive
- USDPT issued on Solana, enabling high-speed blockchain transfers
- Integration with Western Union's 360,000+ collection points for real-world cash access
- Global reach across 200+ countries, expanding retail payout options
- Support for Crossmint wallet and payment APIs to enable instant transfers on Solana
Negative
- None.
Details
News Market Reaction – WU
In the Mar 4 session, WU gained 0.10%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Collection points
- more than 360,000
- Global locations for cash collection linked to Digital Asset Network
- Countries with cash pick-up
- more than 200
- Countries where Western Union cash pick-up options are available
Historical Context
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Revenue declines for Q4 and full year 2025 with 2026 guidance provided.
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Announcement of timing and access details for Q4 and full-year earnings call.
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New German partnership to expand retail access to cross-border transfers.
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Board declares quarterly cash dividend of $0.235 per share.
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Unveiling of “Beyond” strategy with 2028 revenue and EPS growth outlook.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
stablecoin financial
digital asset network technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Partnership aims to expand real-world access for USDPT and support Western Union's new Digital Asset Network
Western Union's Digital Asset Network is designed to link stablecoins to real-world cash access, allowing users to convert digital dollars into local currency through more than 360,000 collection points worldwide.
"Stablecoins are quickly becoming a foundation for global treasury money movement," said Rodrigo Fernández Touza, Co-Founder of Crossmint. "Western Union has one of the most recognized payout networks on the planet. We're excited to partner with them as they bring USDPT to market and explore new ways to connect digital dollars with local access around the world."
As part of the partnership, Crossmint plans to integrate with Western Union's Digital Asset Network and support access to USDPT within its existing wallet and payment APIs. Over time, this will help enable new fintech applications to move funds instantly on Solana, hold value in digital dollars, and connect to Western Union's payout options where available.
"Western Union's Digital Asset Network is designed to link digital value with our global cash and payout ecosystem," said Malcolm Clarke, Western Union's Vice President of Digital Assets. "Working with partners like Crossmint helps to seamlessly connect global wallets and digital platforms to Western Union's trusted payment infrastructure. This collaboration bridges digital value with real-world access, enabling Crossmint's customers to enjoy reliable cash pick-up options in more than 200 countries globally.
About Crossmint
Crossmint is the leading enterprise-grade, all-in-one stablecoin and wallet infrastructure enabling fintechs and enterprises to integrate crypto rails and smart wallets with speed, compliance, and scale.
Trusted by more than 40,000 clients, Crossmint provides embedded smart wallets, on/offramps, cross-chain stablecoin orchestration, token checkout, and other blockchain primitives through simple, developer-friendly APIs—no blockchain engineers required. Backed by Ribbit Capital, Franklin Templeton, and other top investors.
About Western Union
The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.
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SOURCE Crossmint
FAQ
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