đł Anchorageâs stablecoin can now settle payments on the Visa network
Visa and eligible companies can now use Western Unionâs USDPT to settle obligations on VisaNet. USDPT is issued and custodied by Anchorage Digital Bank, a federally chartered U.S. bank.
What stands out is that this stablecoin is issued and custodied by a federally regulated institution, rather than an entity outside the traditional banking system. The available data does not yet specify transaction volumes or when a broader rollout will take place, so this is worth monitoring.
For the market, this is another sign that stablecoins are finding their way into traditional payment infrastructure such as Visa. For traders, stablecoins and payments could be a topic to watch in the coming period. (Not investment advice)
Do you think bank-issued stablecoins will become the new standard for cross-border payments?
#hoangducinvest #Stablecoin #Visa #Crypto
Source: Decrypt
Visa and eligible companies can now use Western Unionâs USDPT to settle obligations on VisaNet. USDPT is issued and custodied by Anchorage Digital Bank, a federally chartered U.S. bank.
What stands out is that this stablecoin is issued and custodied by a federally regulated institution, rather than an entity outside the traditional banking system. The available data does not yet specify transaction volumes or when a broader rollout will take place, so this is worth monitoring.
For the market, this is another sign that stablecoins are finding their way into traditional payment infrastructure such as Visa. For traders, stablecoins and payments could be a topic to watch in the coming period. (Not investment advice)
Do you think bank-issued stablecoins will become the new standard for cross-border payments?
#hoangducinvest #Stablecoin #Visa #Crypto
Source: Decrypt