Visa Adds Western Union's USDPT Stablecoin to Its Settlement Network via Anchorage

USDPT, the stablecoin issued for Western Union through Anchorage Digital's federally chartered bank, is now a settlement option on the Visa network. Visa and eligible partners can use the Western Union token to settle their VisaNet obligations, which makes USDPT the first Anchorage-issued stablecoin accepted as a native settlement asset on Visa.

Key takeaways: Anchorage Digital said Visa and eligible partners can now use USDPT, Western Union's stablecoin, to settle their VisaNet balances. USDPT is the first Anchorage-issued stablecoin supported as a native settlement asset on Visa; the release creates a framework for more later. Visa reported its stablecoin settlement run rate above $25 billi…