Western Union’s USDPT Stablecoin Becomes a Settlement Option on Visa, Anchorage Digital Says
By Unchained
AI summary of the source article
Anchorage Digital announced that Western Union's USDPT stablecoin is now an option for Visa and eligible partners to settle VisaNet obligations. USDPT joins five other stablecoins already supported by Visa for settlements.
Why it matters
Visa's Dan Roesbery stated that as stablecoin payments grow, supporting USDPT gives Visa's partners "more choice for our partners in how they settle with Visa" and "another trusted, institution-grade option backed by a federally chartered bank."
Key facts
- Anchorage Digital announced on Nov. 12 that Western Union's USDPT stablecoin can now be used to settle VisaNet balances.
- USDPT joins USDC, USDG, EURC, PYUSD, and SBC as settlement options supported by Visa.
- Visa reported on Oct. 27 that its stablecoin settlement volume was running above $25 billion annualized across 10 blockchains.
Source excerpt · Unchained
Anchorage Digital said Visa partners can now pay their VisaNet balances in USDPT, the Western Union token its bank mints. Visa has not put out its own statement. The post Western Union’s USDPT Stablecoin Becomes a Settlement Option on Visa, Anchorage Digital Says appeared first on Unchained .