Visa adds Western Union's USDPT stablecoin for network settlement with Anchorage Digital
Visa is expanding its stablecoin settlement options on VisaNet to include Anchorage Digital-issued tokens, launching first with Western Union's USDPT.
Visa will support select stablecoins issued by crypto custody firm Anchorage Digital as settlement assets on its core payment-processing network, VisaNet, beginning with Western Union's USDPT token, Anchorage announced on Nov. 12. The integration enables eligible issuing and acquiring partners to settle their network obligations using the dollar-pegged asset.[3][5][6]
USDPT is minted and custodied by Anchorage Digital Bank, a federally chartered bank, and is backed one-for-one by dollars and cash equivalents. The token launched on the Solana blockchain in May following Western Union plans announced in April. Anchorage noted that the collaboration also establishes a framework for the companies to explore settlement support for additional Anchorage-issued tokens in the future.[1][2][3]
Neither Visa nor Western Union released standalone statements regarding the rollout. However, Dan Roesbery, Visa's vice president of global crypto partnerships and go-to-market, stated in Anchorage's release that the move provides partners with an institution-grade settlement option backed by a federally chartered bank. Visa, an investor in Anchorage Digital, previously indicated on an Oct. 27 earnings call that its stablecoin settlement volume was running above $25 billion annualized across 10 blockchains, where USDPT joins existing settlement assets USDC, USDG, EURC, PYUSD, and SBC.[3][4]
Key facts
- Visa partnered with Anchorage Digital to support Anchorage-issued stablecoins for VisaNet settlement, starting with Western Union's USDPT.
- USDPT is issued and custodied by Anchorage Digital Bank, a federally chartered bank, and backed one-to-one by dollars and cash equivalents.
- Western Union's USDPT token launched on the Solana blockchain in May.
- USDPT joins five stablecoins Visa previously supported for settlement: USDC, USDG, EURC, PYUSD, and SBC.
- Visa reported on an Oct. 27 earnings call that its stablecoin settlement volume exceeded $25 billion on an annualized basis across 10 blockchains.
- Visa is an investor in Anchorage Digital.
Sources · 6 sources
- SO
SolanaFloor@SolanaFloorPost on X ·
NEWS: @Anchorage Digital partners with @Visa to support $USDPT, Western Union’s @Solana-issued stablecoin, as a native settlement asset on the Visa network. Eligible partners can now use USDPT to settle VisaNet obligations. https://t.co/i9FSneWRSy
Open source - CN
crypto.news@cryptodotnewsPost on X ·
LATEST: Visa adds Western Union's $USDPT stablecoin to its settlement network through Anchorage Digital Visa and eligible partners can now use the token, issued by Anchorage Digital Bank, to settle VisaNet obligations, with the partnership also creating a framework to support additional Anchorage-issued stablecoins
Open source - UN
UnchainedArticle ·
Western Union’s USDPT Stablecoin Becomes a Settlement Option on Visa, Anchorage Digital Says Banks and payment companies on both sides of a card purchase, those that issue cards and those that sign up merchants, regularly settle what they owe with Visa . Visa lets some of them settle those balances, which it calls VisaNet obligations after its payment-processing network, in stablecoins , crypto tokens pegged to a currency such as the U.S. dollar. The transfers run on blockchains Visa supports, the company explained in December 2025 . Western Union’s USDPT is now one of the tokens they can use. Anchorage Digital , whose federally chartered bank mints USDPT for Western Union, announced on Nov. 12 that Visa and eligible partners now have the option to settle their VisaNet balances with it. A stablecoin issuer is the company that creates the tokens and backs them; Anchorage said each of its coins is backed by dollars and cash equivalents and can be redeemed one for one. USDPT joins five stablecoins Visa said on its Oct. 27 earnings call it already supports for settlement (USDC, USDG, EURC, PYUSD and SBC), according to a third-party transcript of the call. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What Visa Has Said Visa and Western Union have not put out their own statements on the deal. Visa’s only comment came from Dan Roesbery, Vice President, Global Crypto Partnerships & GTM (go-to-market) at Visa. “As stablecoin payments grow, we’re focused on providing more choice for our partners in how they settle with Visa,” Roesbery said in Anchorage’s release . He said in the same release that supporting USDPT gives Visa’s partners “another trusted, institution-grade option backed by a federally chartered bank.” Nathan McCauley, Anchorage’s Co-Founder and CEO, said in the release that “speed alone won’t bring institutions onchain,” meaning onto blockchains, and added, “They need a regulated institution behind the money.” Visa is among Anchorage’s investors, according to the release. What Is Not Yet Known The release does not say which of Visa’s supported blockchains the USDPT settlements will use or which partners qualify as eligible. USDPT went live on Solana in May, following plans Western Union laid out in April . Anchorage said the arrangement gives the two companies a way to explore support for more of its stablecoins later. Its bank also issues USAT for Tether, USDtb for Ethena Labs, USDGO for OSL Group, fUSD for Falcon Finance and ZLUSD for Zelle, but the release does not say whether Visa will take any of them. Visa said on the Oct. 27 call that its stablecoin settlement was running above $25 billion a year on an annualized basis, up from the more than $20 billion it cited on Sept. 8 , and that it supports 10 blockchains for settlement. On Nov. 10, the Monad Foundation said its chain had become a settlement option in Visa’s program . Related Listen: Why Arthur Hayes Believes AI Agents Will Reject Stablecoins Entirely The post Western Union’s USDPT Stablecoin Becomes a Settlement Option on Visa, Anchorage Digital Says appeared first on Unchained .
Open source - LS
Laura Shin@laurashinPost on X ·
Western Union's USDPT stablecoin is now an option for settling payments on Visa's network, Anchorage Digital, whose bank issues the token, said Thursday. Visa and Western Union have not put out their own statements; Visa's only comment came in Anchorage's release. https://t.co/yrkrtlRmHI
Open source - DE
DecryptArticle ·
Anchorage Digital’s Stablecoins Can Now Settle Payments on Visa’s Network Visa and eligible companies can now use Western Union’s USDPT—issued and custodied by the federally chartered Anchorage Digital Bank—to settle VisaNet obligations.
Open source - TB
The BlockArticle ·
Visa adds Western Union’s USDPT stablecoin to its settlement network in Anchorage tie-up Anchorage Digital and Visa will support select Anchorage-issued stablecoins as settlement assets on VisaNet, starting with USDPT.
Open source