Western Union has launched USDPT, a $3 billion stablecoin on Solana, and integrated it into its Digital Asset Network to facilitate faster, more accessible cross-border transfers. The USDPT stablecoin will enable users to convert digital dollars into local currency through Western Union’s network of over 360,000 collection points. Crossmint will enable USDPT access via its wallet and payment APIs, expanding instant fund transfers and enabling new fintech applications.
Consequently, users can move money on Solana, hold value in USDPT, and access cash payout points seamlessly. “Working with partners like Crossmint helps to seamlessly connect global wallets and digital platforms to Western Union’s trusted payment infrastructure,” said Malcolm Clarke, Western Union’s Vice President of Digital Assets. “This collaboration bridges digital value with real-world access, enabling Crossmint’s customers to enjoy reliable cash pick-up options globally.”
Analysts have flagged potential upside for Solana in the wake of the announcement. Solana is trading around $88.30, down 3.55% in the last 24 hours but up about 4% over the past week, as some market participants anticipate a rebound toward $115 if buyers reclaim the $100 to $105 zone. Traders note Solana’s current position in a historical demand zone between $85 and $95, with earlier buying activity in the $75 to $80 range triggering rebounds; momentum indicators also show strengthening buying pressure, suggesting the $115 target could represent a reasonable recovery path rather than speculative moves.
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