Overview
- Western Union, which disclosed Monday on its Q1 earnings call that USDPT is in final preparation, is targeting a May rollout to settle with agents rather than serve retail users.
- Digital Asset Network is slated to begin with its first partner this week to let crypto wallets convert funds into local cash at more than 360,000 payout points across over 200 countries.
- USDPT will run on the Solana blockchain with Anchorage Digital Bank as issuer, a setup the company says can move money in near real time even on weekends when bank rails pause.
- A consumer Stable Card is planned for later in 2026 to hold and spend dollar tokens, with reports pointing to Rain and Visa as development partners for card issuance and point-of-sale use.
- Crossmint is integrating wallet and payment APIs into the new network, positioning millions of crypto wallet users to cash out through Western Union locations and potentially reducing reliance on slow, bank-to-bank correspondent settlement.