Crypto World
Gen Z trusts code over bank promises
Welcome to our institutional newsletter, Crypto Long & Short. This week:
- Haider Rafique of OKX shares a firm study on the generational perspectives of crypto investing
- Top headlines institutions should pay attention to by Francisco Rodrigues
- Sky defies 2026 downturn in Chart of the Week
Expert Insights
Gen Z Trusts Code Over Bank Promises
By Haider Rafique, global managing partner, OKX
It’s no secret that the banking industry is worried about crypto disruption.
After months of intense lobbying, the Senate Banking Committee postponed its markup of market structure legislation, due in part to banks’ stance on stablecoin yield.
But it might not matter, because banks have a much bigger crisis on their hands: they’re completely missing out on younger consumers based on the basic principle of trust.
Given the behaviors we’ve observed on the OKX app around the world, we decided to conduct a study to understand generational perspectives in our evolving industry.
The key insights paint a clear picture: Gen Z and millennial consumers are nearly 5x more trusting of crypto compared to their boomer counterparts. Additionally, one in five Gen Z and millennial consumers say they have low trust in traditional financial institutions, while nearly three quarters (74%) of baby boomers maintain high levels of trust in the old system.

The “why” behind all of this is much deeper than viral trends and memecoins. This is a generation raised on open‑source code and real‑time dashboards who now expect the same transparency from TradFi.
And now, as the world moves on-chain and everything gets tokenized, it’s clear that young people see the digital economy as their stock market.
TradFi isn’t theirs. It belongs to their parents and grandparents.
A generation shaped by institutional failure
A recent FINRA and CFA Institute report suggests a sizable share of Gen Z investors now lean heavily into crypto relative to other assets — a behavioral signal that younger Americans are willing to look outside traditional channels when they don’t believe they’re getting transparency or competitive returns. According to the study, nearly 20% of Gen Z investors only hold crypto.
For banks, this should be a wake‑up call that trust is no longer something institutions can declare but something they must demonstrate.
Boomers built their financial lives in an era when institutions were the safest option available. Regulation meant protection, and trust was something you extended first and questioned later.
Gen Z has lived through the opposite. They came of age during the aftermath of the 2008 financial crisis, entered adulthood with high student debt and now face a housing market millions of units short alongside ongoing inflation.
They’ve also lived through years of policy whiplash on student loans, shifting repayment rules and weakened borrower protections. These reversals reinforced a simple lesson that institutional promises can change overnight. When trust is repeatedly tested, skepticism becomes rational.
Banks aren’t losing Gen Z to crypto; they’re losing them to trust.

Control over promises
That skepticism is reshaping what influences trust for younger generations. For boomers, security means regulatory oversight and the perceived stability of legacy institutions.
Contrarily, Gen Z consistently ranks platform security above regulation as the top driver of trust. For Gen Z, security is more personal and technical with direct ownership of assets, the ability to verify how systems work and the freedom to move value without intermediaries.
It’s why both Gen Z and millennials are 4x more bullish on crypto in 2026 compared to boomers. They can see transactions on-chain, self‑custody, audit protocols and understand the rules without waiting for a quarterly statement or a regulator’s update.

Transparency is central to this shift. Boomers tend to equate trust with regulatory approval, but Gen Z equates trust with visibility. They want to understand how decisions are made, how risks are managed and how incentives are aligned. They want clarity on fees, yields and conflicts of interest, and systems that are open by default.
Traditional banks have historically struggled here. Their value proposition was built in an era when limited transparency was often treated as a feature. And now, when a generation is accustomed to real‑time dashboards and proof of reserves, the idea of waiting for a monthly statement feels absurd. Transparency has become a baseline requirement for credibility.
The future of finance
Banks should be asking themselves: why do younger customers trust transparency more than tradition? Younger Americans want the stability of regulated finance paired with the transparency and control of digital assets, and they want products that reflect how they already interact with technology and money. The institutions that understand this shift and build for it will define the future of finance. The ones that don’t will continue to watch as younger Americans look elsewhere.
Headlines of the Week
Francisco Rodrigues
Markets stumbled this past week and miner capitulation intensified. That led to the steepest decline for Bitcoin’s mining difficulty since 2021, while corporate accumulation of cryptocurrencies and other assets continued and Russia moved closer to formalize crypto-backed lending.
Chart of the Week
Sky defies 2026 downturn
Sky has decoupled from the 2026 market downturn, outperforming BTC, CD5, and the CD20 index by 45%, 50% and 57% respectively YTD. This resilience is anchored by a consistent business model: January revenue surged 1.5x YoY to $19 million, fueling $10.4 million in YTD buybacks ($8.5 million in Jan; $1.9 million last week) and driving a flight to quality that pushed the USDS (Sky’s stablecoin) market cap from $5.8 billion to $6.5 billion.

Listen. Read. Watch. Engage.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc., CoinDesk Indices or its owners and affiliates.
Crypto World
Can $155M ETF inflows extend the rally?
Bitcoin is regaining bullish momentum after a week of geopolitical-driven volatility, with fresh inflows into spot exchange-traded funds helping support the latest price rebound.
Summary
- Spot Bitcoin ETFs recorded roughly $155 million in net inflows, signaling renewed institutional demand.
- Bitcoin has recovered after last week’s volatility triggered by Middle East geopolitical tensions.
- Analysts say BTC could test $75,000 resistance if momentum and ETF inflows persist.
Data from SoSoValue shows that Bitcoin ETFs recorded about $155 million in daily net inflows, reversing a period of sustained outflows seen earlier in the week.

The renewed institutional demand comes as Bitcoin (BTC) stabilizes after sharp price swings triggered by rising tensions in the Middle East, which had briefly pressured risk assets across global markets.
The inflows appear to be translating into market strength. Bitcoin has climbed back above the $72,000 level, recovering from a dip near the $60,000–$65,000 zone during last week’s risk-off sentiment.
Previous market reports suggested that ETF demand and short covering were key drivers behind Bitcoin’s earlier rally toward $72,000, and the latest inflows indicate institutional buyers may be returning to the market.
Bitcoin price analysis
Beyond macro sentiment, the chart structure suggests Bitcoin is attempting to build a recovery trend.
On the daily chart, Bitcoin is currently trading around $72,500, pushing toward a key resistance band between $73,000 and $75,000. A decisive breakout above this zone could open the door for a retest of the $80,000 psychological level in the coming weeks.

Support levels remain near $69,000, followed by stronger structural support around $65,000, where buyers previously stepped in during the February correction.
Momentum indicators are also improving. The Accumulation/Distribution line is trending higher, suggesting renewed buying pressure, while the Bull Bear Power (BBP) indicator has flipped positive, signaling that bullish momentum may be returning after several weeks of selling pressure.
If ETF inflows continue and macro risks stabilize, Bitcoin could extend its recovery. However, analysts warn that failure to hold above the $70,000 region could trigger another consolidation phase before the next major move.
Crypto World
Coinbase, Microsoft and Europol dismantle Tycoon 2FA phishing network
Crypto exchange Coinbase teamed up with Microsoft and Europol to take down phishing-as-a-service platform Tycoon 2FA.
Summary
- Coinbase helped trace blockchain transactions linked to the Tycoon 2FA phishing network, allowing investigators to identify the platform’s alleged administrator and several users of the service.
- Tycoon 2FA offered a subscription toolkit that enabled criminals to intercept authentication sessions and bypass multi-factor protections.
- Phishing losses dropped nearly 83% in 2025.
In a Wednesday announcement, Coinbase said that it helped trace blockchain-based transactions linked to the platform, and as a result, law enforcement was able to identify the phishing operation’s alleged administrator and several of its customers.
According to Europol, Tycoon 2FA sold a subscription-based toolkit that helped bad actors intercept live authentication sessions and gain unauthorised access to online accounts, “including those protected by additional security layers.”
Using Tycoon’s phishing toolkit, cybercriminals were able to capture session cookies from authenticated users and therefore access accounts without triggering the multi-factor authentication prompts, Coinbase said.
“We’re actively working to identify Tycoon purchasers and will continue supporting law enforcement efforts focused on the people who bought and used this service to target victims,” it added.
The platform has been active since at least 2023, and by mid-2025, Tycoon 2FA accounted for nearly 62% of all phishing attacks blocked by Microsoft, Europol said.
“At scale, the platform generated tens of millions of phishing emails each month and facilitated unauthorised access to nearly 100,000 organisations globally, including schools, hospitals, and public institutions,” it added.
As previously reported by crypto.news, losses from phishing attacks dropped 83% in 2025 when compared to the previous year. Nevertheless, attackers have continued to use more advanced techniques, including exploits tied to EIP-7702, Permit and Permit2 signatures, and transfer-based attacks.
A separate report from blockchain security firm CertiK flagged that Phishing attacks remained the third most costly attack vector in 2025.
Crypto World
Eric Trump calls banks opposing stablecoin yields ‘anti-American’
Eric Trump has accused major U.S. banks of lobbying aggressively against crypto platforms offering higher yields to consumers, escalating tensions between the traditional financial sector and the digital asset industry.
Summary
- Eric Trump accused major U.S. banks of lobbying against crypto and stablecoin yield products.
- The comments come as debate intensifies around the CLARITY Act and GENIUS Act.
- Donald Trump also criticized banks, arguing legislation is needed to keep the U.S. competitive in the crypto sector.
Eric Trump accuses big banks of lobbying against crypto yields
In a post on X, Eric Trump claimed that institutions such as JPMorgan Chase, Bank of America, and Wells Fargo are attempting to block Americans from earning higher returns through crypto-based savings products.
“Big banks are lobbying overtime to block Americans from getting higher yields on their savings,” Trump wrote, arguing that traditional lenders offer extremely low annual percentage yields, often between 0.01% and 0.05%, despite benefiting from higher interest rates paid by the Federal Reserve.
According to Trump, the banking sector is particularly concerned about crypto and stablecoin platforms that are planning to offer yields or rewards in the 4% to 5% range. He alleged that banking lobby groups are spending heavily to restrict those products through legislation and regulatory pressure.
The comments come as lawmakers debate new digital asset legislation in Washington, including the CLARITY Act, which aims to define the regulatory framework for cryptocurrencies, and the GENIUS Act.
Trump argued that banks are invoking concerns about “fairness” and financial stability while attempting to protect profit margins built on the gap between the interest they receive and the rates paid to depositors.
The criticism echoes remarks made by Donald Trump, who recently said large banks are attempting to undermine crypto legislation that could strengthen the United States’ position in the global digital asset industry.
In a statement posted on Truth Social, the president said Congress must move quickly on market structure legislation to prevent the crypto industry from shifting to other countries.
The debate highlights growing friction between the banking industry and crypto firms as policymakers weigh how to regulate digital assets while maintaining the competitiveness of the U.S. financial system.
Crypto World
Bitwise allocates $233K to support Bitcoin core development
Bitwise Asset Management has announced a $233,000 donation to Bitcoin open-source developers, marking the firm’s second annual contribution tied to the success of its spot Bitcoin exchange-traded fund.
Summary
- Bitwise Asset Management donated $233,000 to Bitcoin development groups as part of its commitment to allocate 10% of gross profits from its Bitcoin ETF.
- The donation will be distributed through Brink, OpenSats, and the Human Rights Foundation Bitcoin Development Fund.
- The contribution follows continued growth of the Bitwise Bitcoin ETF since its launch.
The funds come from profits generated by the Bitwise Bitcoin ETF, which launched with a commitment from Bitwise to allocate 10% of the ETF’s gross profits each year toward supporting the development and security of the Bitcoin network.
According to the firm, the latest contribution reflects strong growth in the ETF during the past year, allowing the company to expand its support for the developers maintaining Bitcoin’s underlying infrastructure.
The donation will be distributed among three nonprofit organizations focused on sustaining the Bitcoin ecosystem: Brink, OpenSats, and the Human Rights Foundation Bitcoin Development Fund.
These groups provide funding, fellowships, and grants to developers working on critical Bitcoin software, security research, and infrastructure upgrades. Their mission centers on supporting the open-source contributors responsible for maintaining and improving the decentralized network.
Bitwise described the developers as “unsung heroes” who help secure and evolve Bitcoin’s technology stack, noting that the contribution represents a reinvestment into the ecosystem that supports the firm’s investment products.
The asset manager also credited investors in the ETF for enabling the donation, stating that the contribution would not be possible without the support of those who chose to invest in the fund.
Bitwise added that its donations are expected to grow alongside the ETF’s expansion, reinforcing its pledge to continue directing a portion of profits toward the broader Bitcoin development community.
The initiative reflects a broader trend among crypto firms and investment products that are increasingly channeling funds toward open-source development as institutional interest in Bitcoin continues to rise.
Crypto World
The signal investors are missing
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
While market headlines focus on short-term price swings, the real signal shaping America’s crypto future in 2026 lies beneath the surface. Institutional infrastructure, regulatory developments, and a shift toward long-term investor strategy are quietly redefining how digital assets integrate into the U.S. financial system.
The conversation about digital assets in the United States is becoming increasingly complex as the market enters a new stage of development. Many readers who follow blockchain trends begin their research by exploring the coinspot website, where ongoing discussions about cryptocurrency innovation and market dynamics continue to evolve.
What makes the current situation particularly interesting is that the most important signals shaping the future of crypto in America are not always the ones dominating headlines. While price movements attract attention, deeper structural changes within technology, finance, and regulation are gradually redefining the ecosystem, mentioned on https://coinspot.io/en/

Institutional Strategy Is Quietly Expanding
Financial institutions across the United States are playing a growing role in the evolution of digital assets. What once appeared to be cautious experimentation has gradually transformed into structured long-term strategies.
Investment firms, fintech companies, and payment platforms are building services designed to support cryptocurrency adoption at scale. These initiatives include digital asset custody, blockchain settlement systems, and tokenized financial instruments that connect traditional finance with decentralized technology.
Blockchain Innovation Is Driving Long-Term Growth
Technological development remains one of the strongest forces behind the transformation of the crypto market. Developers continue to improve blockchain networks by increasing scalability, enhancing security protocols, and optimizing transaction performance.
These improvements are enabling the creation of new decentralized applications. From digital ownership systems to decentralized finance platforms, blockchain technology is expanding its role within the global digital economy.
Investor Attention Is Slowly Shifting
Another notable trend involves the changing mindset of market participants. Earlier cycles of the cryptocurrency industry were often dominated by speculation and rapid trading activity.
Today many investors appear more interested in research, technological fundamentals, and long-term strategic positioning. This shift toward a more analytical approach may contribute to a more stable phase of development for digital assets.
Regulation May Shape The Next Phase
Government policy continues to influence how cryptocurrency evolves within the United States. For several years uncertainty surrounding legal frameworks created obstacles for some blockchain initiatives.
However, policymakers are increasingly exploring ways to establish clearer rules for digital assets. A more defined regulatory environment could encourage additional investment and provide greater confidence for companies operating in the crypto sector.
The Signal Many Investors May Overlook
The future of cryptocurrency in America may not depend on a single dramatic breakthrough. Instead, it is being shaped by the gradual convergence of multiple forces including institutional adoption, technological innovation, and evolving investor behavior.
These developments may appear subtle in the short term, yet their long-term implications could be profound. As the crypto ecosystem continues to mature, the signals investors overlook today may ultimately define the direction of the market tomorrow.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Crypto World
XRP price eyes a rebound as ETF inflows rise, exchange outflows rise
XRP’s price remained flat today, March, continuing the consolidation phase that began in February. However, ongoing inflows into exchange-traded funds and declining exchange supply suggest that a rebound may be on the horizon.
Summary
- XRP price has formed a double-bottom pattern pointing to a strong rebound.
- The supply of XRP tokens on exchanges has dropped to the lowest level in years.
- Data shows that spot XRP ETF inflows have continued rising this month.
Ripple (XRP), one of the top cryptocurrencies, was trading at $1.4282 on Thursday, inside a range it has been in the past few weeks. This price is 28% above the year-to-date low of $1.1137.
American investors are still buying XRP ETFs, a sign that they expect it to rebound in the coming weeks. SoSoValue data shows that spot XRP ETFs added $4.2 million in inflows on Wednesday as the crypto market rally restarted. It was the seventh consecutive day of inflows, with the cumulative total rising to $1.26 billion.
Increased buying by American institutional investors in a time when the price is stuck in a tight range is a sign of accumulation, which often leads to a strong rebound.
Another sign of accumulation is that XRP outflows from exchanges are increasing. Data compiled by CryptoQuant shows that over 7 billion XRP tokens exited exchanges in February. The total amount of XRP tokens in exchanges has dropped to the lowest level in years.
A possible reason why investors are accumulating XRP tokens is its strong fundamentals, including the ongoing Ripple USD growth. The stablecoin has accumulated over $1.5 billion in assets, with its daily volume soaring to over $1.5 billion.
RLUSD is benefiting from the rising demand from both retail and institutional investors, a trend that may continue after its integration on Ripple Prime.
XRP price forecast: Technical analysis

The eight-hour chart shows that the XRP price has remained in a narrow range in the past few weeks.
A closer look shows that it formed a double-bottom pattern at $1.3350 and a neckline at $1.6745. This pattern normally means that short-sellers are largely uncomfortable placing short trades below that level.
The coin has moved slightly above the 50-day Exponential Moving Average. Also, the Percentage Price Oscillator has crossed the zero line, while the Relative Strength Index has jumped above 50.
Therefore, the most likely XRP price forecast is bullish, with the next key target being the neckline at $1.6638. The bullish view will become invalid if it drops below the key support level at $1.3350.
Crypto World
Iran Strike Bets Usher Moves to Curb Prediction Markets
Senator Chris Murphy says it’s likely people close to Donald Trump with “inside information” made bets on prediction markets on when the US would strike Iran.
US Democratic lawmakers are working on a bill to police prediction markets after raising insider trading concerns over bets made on the timing of Israeli and US strikes on Iran.
Democrat Senator Chris Murphy said in a video posted to X on Wednesday that what he claimed were White House insiders made a “very specific bet” on Friday that the US would go to war with Iran on Saturday.
“Obviously, there are people close to Donald Trump who, on Friday, knew what was happening on Saturday, and it is very likely — probable even — that the people that placed those bets were people with inside information,” he said.
Murphy added that allowing bets on war to continue could see those close to the president “pushing us into war because they can cash in.”
A number of bets on Polymarket were widely circulated on Saturday, where six newly-created accounts reportedly earned around $1 million betting on the timing of US strikes on Iran.
In several cases, bets were made just hours before explosions were first reported in Tehran.
Bets on US strikes in Iran have so far generated $529 million in volume on Polymarket. Last month, a Polymarket trader made about $400,000 from a well-timed wager on the capture of Venezuelan President Nicolás Maduro.

Bill to target prediction market insider trading
Reuters reported on Thursday that Murphy and Democratic House Representative Mike Levin are working on the bill, intensifying pressure on prediction markets such as Polymarket and Kalshi.
Related: Polymarket user gains $400K betting on ZachXBT investigation
“It’s unbelievably clear to me that if anyone is using prior knowledge of military action for financial gain, that should be absolutely illegal,” Levin said.
He added that commodity laws ban event contracts tied to war, terrorism, or other events “contrary to the public interest,” but the rules give prediction markets too much freedom.
Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets
Crypto World
OKB token price jumps over 50% after ICE invests in OKX
OKB token price jumped sharply after Intercontinental Exchange, the parent company of the New York Stock Exchange, announced a strategic investment in OKB issuer OKX.
Summary
- OKB climbed from about $77 to an intraday high near $117 after ICE invested in OKX.
- The deal values OKX at $25B and includes board representation for ICE.
- Price broke out of the $75–$80 range, with $95 now key support and $115–$120 the next resistance zone.
OKB (OKB) surged from about $77.29 to an intraday high of $117.60 following the announcement. At the time of writing, the token was trading at $107.79, still up roughly 40% over the past 24 hours.
The move pushed OKB among the day’s top-performing altcoins. Over the past year, the token has gained around 149%, while monthly gains stand near 32%.
Derivatives data from CoinGlass also shows a sharp increase in market activity. Trading volume jumped more than 3,500% to about $407 billion, while open interest rose 184% to roughly $48 million as traders rushed to position around the breakout.
ICE investment strengthens ties between Wall Street and crypto
The surge followed reports that Intercontinental Exchange has taken a minority stake in OKX, valuing the exchange at approximately $25 billion.
The investment will give ICE a seat on OKX’s board of directors, although the size of the stake has not been publicly disclosed. The deal signals a deeper push by ICE into blockchain infrastructure and digital asset markets.
Under the partnership, ICE will license real-time crypto spot pricing data from OKX. At the same time, OKX plans to provide its global user base, reported to exceed 120 million, with access to ICE’s U.S. futures products and tokenized equities tied to NYSE-listed stocks.
Tokenized stock trading on the platform could go live in the second half of 2026, though the rollout still depends on regulatory approval.
The partnership also highlights how more traditional finance institutions are beginning to experiment with blockchain infrastructure. ICE has already shown interest in this space before, including investments in platforms such as prediction market operator Polymarket.
OKB price technical analysis
Market signals suggest the latest price surge could be the beginning of a new trend, though in the short term the market appears somewhat overheated. On the daily chart, OKB produced a strong breakout candle that drove the price out of the $75–$80 range and lifted it above $100.

During that move, the token also pushed beyond the upper Bollinger Band. Such movements can indicate that the price has risen too quickly and may pause, but they also often indicate strong buying momentum.
Following a few sessions of relatively tight trading, volatility has clearly increased. The Bollinger Bands spread out sharply following the breakout, which is commonly seen when a market shifts from a quiet phase into a more directional move.
Momentum indicators also lean positive. The relative strength index has risen to around 75, clearly above the 70 level that typically marks overbought conditions. This shows buyers have been in control, although it can sometimes lead to a short pause or a small dip before the next move.
OKB has now moved back above several important moving averages, including the 20-day moving average near $79. In many breakout setups, prices sometimes revisit earlier resistance levels before attempting another climb.
If the current structure remains intact, analysts see the $110–$115 area as the next barrier, with a larger resistance zone near $120. On the downside, $95 is now viewed as the main support level, while $90 could provide an additional cushion if selling pressure appears.
Should the price dip toward that region and attract fresh buying interest, it would support the possibility of another upward move, with $120 and potentially $135 as targets in the coming sessions.
Crypto World
US spot BTC, ETH and SOL ETFs log strong daily inflows
US spot crypto ETFs saw broad-based inflows across Bitcoin, Ethereum and Solana products.
Summary
- Ten US spot Bitcoin ETFs added 5,187 BTC, worth about $376m, in a single day.
- Nine Ethereum ETFs took in 43,282 ETH, totaling roughly $9.18m in new exposure.
- A Solana ETF absorbed 205,711 SOL, adding about $18.72m as majors rallied.
US-listed spot crypto ETFs recorded another strong session of net inflows, with products tied to Bitcoin (BTC), Ethereum (ETH) and Solana (SOL) all attracting fresh capital. According to ChainCatcher data, ten spot Bitcoin ETFs collectively added 5,187 BTC, equivalent to around $376m at prevailing prices, extending a run of sessions in which new money has outweighed redemptions. The flows signal that institutional allocators and wealth platforms continue to use regulated ETF wrappers to increase or rebalance exposure, even as market volatility and macro uncertainty remain elevated.
Nine Ethereum funds also saw net buying, pulling in 43,282 ETH, or roughly $9.18m, and reinforcing the notion that demand is broadening beyond the largest asset. A spot Solana vehicle added 205,711 SOL, worth about $18.72m, underlining investor appetite for higher-beta alternatives as part of diversified crypto portfolios. The multi-asset inflows came against a backdrop of rising spot volumes and a rebound in majors, with BTC reclaiming key resistance zones and dragging correlated assets higher.
ETF flows and market structure
The latest data points to an environment where ETF products are increasingly central to price discovery and liquidity, rather than acting solely as passive wrappers. Heavy buying on strong days and more modest outflows during drawdowns suggest that long-only and advisory channels are using ETFs as entry and exit points, impacting underlying spot markets via authorized participants. This dynamic has been particularly visible around BTC where large creations and redemptions have coincided with sharp moves through key technical levels.
For issuers and exchanges, sustained inflows across multiple products strengthen the business case for expanding lineups and deepening secondary-market liquidity. Platforms such as Coinbase have already positioned themselves as core infrastructure for ETF market makers and custodians, while traditional payment networks that resemble Visa are exploring stablecoin and settlement integrations that could sit alongside ETF-based strategies. As regulatory regimes like MiCA advance and more jurisdictions consider spot listings, the US experience with Bitcoin, Ethereum and Solana ETFs will remain a critical reference point for how regulated vehicles can channel institutional demand into the crypto market.
Crypto World
Crossmint, Western Union to bring USDPT stablecoin to Solana
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.
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.
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.
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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