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Crossmint, Western Union to bring USDPT stablecoin to Solana

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Binance holds nearly 87% of USD1 stablecoin supply: Forbes 

Western Union is moving deeper into blockchain payments with a new stablecoin initiative tied to the Solana network.

Summary

  • Western Union partnered with Crossmint to support the USDPT stablecoin on Solana.
  • The stablecoin will connect on-chain transfers with 360,000+ Western Union cash pickup points across 200+ countries.
  • Anchorage Digital Bank will issue USDPT to support compliance and institutional access.

The company has partnered with Crossmint to support the rollout of USDPT, a U.S. dollar-denominated stablecoin that will operate on the Solana (SOL) ecosystem.

The collaboration was announced on March 4 by Crossmint and will connect the stablecoin to Western Union’s newly introduced Digital Asset Network, which links on-chain dollars to real-world cash access across its global payout infrastructure.

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Stablecoin connected to Western Union’s payout network

USDPT was first revealed in October 2025, with a launch expected in the first half of 2026. The stablecoin will be issued by Anchorage Digital Bank.

Western Union’s Digital Asset Network links blockchain transfers with its global cash distribution system. Through the network, users can convert digital dollars into local currency using more than 360,000 collection points worldwide, spanning over 200 countries and territories.

Malcolm Clarke, Western Union’s vice president of digital assets, said the network connects digital wallets and platforms directly to the company’s payout infrastructure. Partners such as Crossmint provide the technology layer that allows these integrations to work across blockchain systems and traditional payment rails.

This setup allows stablecoin transactions to move on-chain while still connecting to familiar cash pickup services used in many remittance corridors.

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Crossmint infrastructure supports wallets and fintech apps

Crossmint will integrate USDPT into its wallet infrastructure and payment APIs, allowing fintech platforms and developers to access the stablecoin through its existing tools.

Rodrigo Fernández Touza, co-founder of Crossmint, said the collaboration links digital dollar transfers with Western Union’s global payout network.

Developers using Crossmint’s APIs can build applications that send funds on Solana while offering recipients the option to collect cash through Western Union locations where available.

The system allows fintech apps to hold value in digital dollars, transfer funds instantly on-chain, and connect to Western Union’s payout network when users need local currency.

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Solana’s fast settlement speeds and low transaction costs have made it a common choice for payment-focused blockchain applications, including stablecoin transfers and cross-border transactions.

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Crypto World

What next for Ripple-linked token as it fails to break above $1.45

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What next for Ripple-linked token as it fails to break above $1.45

XRP moved lower after another rejection near resistance, with rising volume confirming sellers remain in control of the short-term trend.

News Background

  • XRP has struggled to regain momentum since its July 2025 peak, continuing to trade within a broader corrective structure. The token remains roughly 60% below that high as market participants debate whether the current consolidation represents accumulation or continuation of the downtrend.
  • Institutional positioning has offered mixed signals. Spot XRP ETFs have accumulated roughly $1.24 billion in inflows over the past four months, while on-chain data shows large wallets adding to positions during recent dips.
  • At the same time, derivatives activity has cooled significantly, with open interest declining sharply since late 2025 as leverage unwinds across crypto markets.
  • Ripple’s supply dynamics also remain steady. The company re-locked 700 million XRP into escrow on March 1 as part of its routine supply management cycle.

Price Action Summary

  • XRP declined 3.3%, falling from $1.4588 to $1.4108
  • Price repeatedly failed to hold above the $1.43–$1.45 resistance zone
  • Volume surged 74% above average during the main selloff
  • A late-session break below $1.411 confirmed downside momentum

Technical Analysis

  • The key technical event was the rejection from the $1.43–$1.45 resistance band, which triggered a sequence of lower highs and reinforced the prevailing descending channel structure.
  • Once $1.411 support gave way on elevated volume, downside momentum accelerated, pushing XRP toward the $1.40 area. Short-term structure now favors sellers while price remains below the prior support zone.
  • Despite the weakness, the broader chart shows compression forming between downward resistance and rising support, with a potential triangle structure approaching its apex. This suggests the market may be nearing a larger directional move once current consolidation resolves.
  • Key levels now cluster around $1.40 support and $1.43–$1.45 resistance.

What traders say is next?

  • Traders are closely watching whether XRP can stabilize above $1.40.
  • Holding this level could allow the token to consolidate before attempting another move toward $1.45 and eventually $1.55, which analysts view as the first level that would weaken the broader bearish structure.
  • A break below $1.40, however, would likely shift focus toward deeper support around $1.33, with some analysts pointing to the $1.00 zone as a potential longer-term reset area if selling pressure accelerates.

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Hacker Steals $2.7M From Solv’s Bitcoin Yield Platform

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Hacker Steals $2.7M From Solv’s Bitcoin Yield Platform

Crypto security researchers say the hacker exploited a bug allowing them to mint tokens, before swapping the freely-gained tokens for another tied to Bitcoin.

Bitcoin-based decentralized finance platform Solv Protocol says one of its token vaults was exploited for $2.7 million and has offered the attacker a 10% bounty in exchange for returning the stolen funds.

Solv said in an X post on Thursday that less than 10 of its users were impacted, but it would cover the loss of 38.05 Solv Protocol BTC (SolvBTC), a token pegged to Bitcoin (BTC).

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The project added that it had implemented measures to prevent the same attack from recurring and was investigating the exploit with crypto security firms Hypernative Labs, SlowMist and CertiK.

Source: Solv Protocol

Solv allows users to deposit Bitcoin for Solv Protocol BTC, which they can then use to lend, borrow or stake on other blockchains. The project has 24,226 Bitcoin worth over $1.7 billion and claims it is the largest on-chain Bitcoin reserve.

Solv hasn’t confirmed how the exploit happened, but two crypto security researchers attributed it to a vulnerability in one of Solv’s smart contracts that allowed the hacker to excessively mint a token used on the protocol.

Related: Mt. Gox’s former CEO floats hard fork to recover 80K hacked Bitcoin

The hacker exploited this vulnerability 22 times before swapping hundreds of millions of the tokens for a little over 38 SolvBTC, CD Security co-founder Chris Dior said.

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