#solana

#sol

#western Union

Western Union will issue a dollar-pegged stablecoin USDPT based on the Solana blockchain. The project will be implemented in collaboration with the Web3 platform Crossmint.

En

  • News

  • Longreads

  • Cryptorium

  • Podcasts

  • Artificial Intelligence

  • Digest of the Month

  • Cryptocurrency Prices

  • Special Projects

#Solana (SOL)#western union#Stablecoins

Western Union will issue a stablecoin on the Solana network

05.03.2026 Elena Vasilieva

The Western Union company will launch a US dollar-pegged stablecoin USDPT based on the Solana blockchain. The project will be implemented jointly with the Web3 platform Crossmint.





To work with the asset, Western Union will create a Digital Asset Network platform. Crossmint will provide its technological base—cryptocurrency wallets and payment APIs.

The main feature of USDPT is the direct conversion to national currencies. Users will have the opportunity to cash out digital dollars at 360,000 Western Union locations in more than 200 countries.

Integration will allow third-party fintech applications to instantly conduct transactions through Solana and send funds directly to cash-out points.

Western Union's Vice President for Digital Assets, Malcolm Clark, noted that the partnership will securely link the digital economy with the traditional cash payment sector. Co-founder of Crossmint, Rodrigo Fernandez Touza, added that stablecoins are rapidly becoming the new standard for international money transfers.

Dynamics of stablecoins 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 showed record growth in February.

According to Allium, the transaction volume reached $650 billion. This is more than double the previous record set in October of last year. As a result, the blockchain has become the absolute leader in this indicator among all networks in the past month.

Analysts at Grayscale noted the 'depth and diversity' of on-chain activity on Solana. The blockchain leads in key metrics such as the number of users, transaction volume, and fee size.

Experts have named stablecoins the main driver of the mass adoption of cryptocurrencies. According to their estimates, Solana has every chance of capturing a significant market share in the segment of everyday retail payments.

Recall that in October 2025, Western Union announced the launch of a pilot project for settlements in stablecoins.