Partnership aims to expand real-world access for USDPT and support Western Union’s new Digital Asset Network
Crossmint, a leading platform for enterprise-grade stablecoin infrastructure, announced that it is partnering with Western Union to support the rollout of USDPT, Western Union’s new U.S. dollar-denominated stablecoin that will be issued on Solana, and the company’s newly announced 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.”
Read More on Fintech : Global Fintech Interview with Kristin Kanders, Head of Marketing & Engagement, Plynk App
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.
Catch more Fintech Insights : When DeFi Protocols Become Self-Evolving Organisms
[To share your insights with us, please write to psen@itechseries.com ]
