Western Union Launches USDPT Stablecoin on Solana with Crossmint Partnership

**Cari Network**, built on ZKsync's Prividium technology, has launched America's first tokenized deposits network with five U.S. regional banks representing **$600 billion in deposits**. **Key Features:** - Enables regulated institutions to access programmable settlement - Maintains compliance within existing regulatory frameworks - Operates on private, enterprise-controlled blockchain infrastructure - Anchors settlement security to Ethereum **Partnership Details:** ZKsync partnered with [BitGo](https://www.zksync.io/case-studies/bitgo) to provide a turnkey solution that integrates with existing banking operations, allowing banks to issue, transfer, and settle tokenized deposits without building complex systems internally. This infrastructure represents a practical path for traditional finance to enter the digital assets economy while staying within regulatory boundaries. [Learn more about Cari Network](https://www.zksync.io/blog/cari-selects-zksyncs-prividium)

**The debate isn't about banks versus crypto** - it's about whether the United States will build digital financial infrastructure accessible to all American banks, or only those large enough to develop it independently. **Key points from zkSync's perspective:** - The U.S. possesses the institutions, capital, and talent to lead global crypto adoption - Current regulatory frameworks lag behind technological capabilities - **Tokenized deposits** could provide every American bank with tools to compete on modern digital rails - The **CLARITY Act** represents the regulatory framework needed to enable this transformation **The core argument:** Digital financial infrastructure should be democratized across the banking sector, not concentrated among institutions with existing resources to build proprietary systems. This positions the conversation around **financial equity and infrastructure access** rather than traditional finance versus cryptocurrency. [Read the full analysis](https://www.zksync.io/blog/clarity-act-us-digital-finance-infrastructure)

zkSync is **sunsetting its Lite product** after determining it fulfilled its original mission. The team is now shifting focus to **Prividium**, a new settlement and coordination layer designed specifically for institutional finance on Ethereum. The new direction emphasizes: - Private execution and selective disclosures - Settlement anchored to Ethereum - Adoption from financial institutions zkSync positions this pivot as building infrastructure for "programmable settlement" as traditional finance evolves, with the $ZK token underpinning network activity. Full details on the rationale and mechanics: [zkSync blog post](https://www.zksync.io/blog/zksync-lite-sunset)

Users with funds on Lite can now claim their balances on Ethereum L1 through a new dedicated withdrawal portal. **Key Features:** - Independent verification tools published for transparency - First 100,000 withdrawals will be sponsored - Withdrawal mechanism placed under Token Assembly governance - Process designed to reduce dependence on single operators The withdrawal system prioritizes decentralization and user control while maintaining accessibility through sponsored transactions.