💳 Visa adds Western Union's USDPT stablecoin to its settlement network
Visa and eligible partners can now settle VisaNet obligations using USDPT, Western Union's stablecoin issued by federally chartered Anchorage Digital Bank. The two firms are also building a framework to add more Anchorage-issued stablecoins, a lineup that already includes Tether's USAT and Ethena's USDtb. USDPT launched on Solana in May, and Visa said in September its annualized stablecoin settlement run rate had reached $20 billion, more than 15 times a year earlier.
⭐ Bank-issued stablecoins settling directly on one of the world's largest payment networks is another step in moving stablecoins from crypto trading into mainstream payments.
#Stablecoins #Visa #WesternUnion #Payments
Visa and eligible partners can now settle VisaNet obligations using USDPT, Western Union's stablecoin issued by federally chartered Anchorage Digital Bank. The two firms are also building a framework to add more Anchorage-issued stablecoins, a lineup that already includes Tether's USAT and Ethena's USDtb. USDPT launched on Solana in May, and Visa said in September its annualized stablecoin settlement run rate had reached $20 billion, more than 15 times a year earlier.
⭐ Bank-issued stablecoins settling directly on one of the world's largest payment networks is another step in moving stablecoins from crypto trading into mainstream payments.
#Stablecoins #Visa #WesternUnion #Payments
