Visa's settlement network can now clear obligations using USDPT, a stablecoin Western Union issued, with Anchorage Digital Bank, a federally chartered institution, handling issuance and custody. Visa and approved companies are able to use it to settle VisaNet transactions, which marks another step toward regulated stablecoins being used in mainstream payment rails.

Interesting to see a traditional payments giant and a regulated crypto bank working together on settlement. Could this be the start of more stablecoins plugging directly into legacy networks?

Source: https://decrypt.co/383098/anchorage-digital-stablecoins-settle-payments-visa-network

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