Visa Adds Western Union’s USDPT for Stablecoin Settlement
Visa and eligible partners can use Western Union’s USDPT to settle VisaNet obligations through a new collaboration with Anchorage Digital Bank.
Key Notes
- Visa and eligible partners can now use USDPT to settle VisaNet payment obligations.
- Western Union’s dollar-linked token is issued by Anchorage Digital Bank on Solana and is redeemable one-for-one.
- The collaboration starts with USDPT, while support for additional Anchorage-issued stablecoins remains under consideration.
Visa has added Western Union’s USDPT as a native settlement asset through a collaboration with Anchorage Digital Bank, giving Visa and eligible partners another stablecoin option for meeting their VisaNet payment obligations.
Anchorage’s November 12 announcement says the option is available now. USDPT is the first Anchorage-issued stablecoin supported under the arrangement, which also creates a framework to consider additional tokens after the initial launch.
A New Asset for Institutional Settlement
The integration concerns the financial institutions and payment partners settling obligations behind card transactions. That process moves money between participants after payments have been authorized, making it a separate stage from a customer paying at a shop or online.
Dan Roesbery, Visa’s vice president of global crypto partnerships and go-to-market, said the collaboration gives partners more choice in how they settle with Visa. Anchorage CEO Nathan McCauley presented the agreement as a way to combine stablecoin transfers with a regulated banking institution.
The companies did not disclose USDPT settlement volumes, transaction fees or a list of eligible participants. Support for other Anchorage-issued stablecoins remains subject to further exploration.
Western Union’s Digital Dollar Runs on Solana
USDPT is issued by Anchorage Digital Bank, N.A., a US national trust bank, on Solana. Western Union’s product page says the token is redeemable one-for-one for dollars and backed by reserves including bank deposits, US Treasury bills and similar cash equivalents.
The same page identifies exchange availability in selected markets and a mobile app combining a self-custody USDPT wallet with a Visa card. Those consumer services are part of Western Union’s wider digital-asset offering, alongside its planned option to receive money transfers in USDPT.
Western Union has also selected Noah to develop that remittance service. Adding USDPT to VisaNet settlement gives the existing token a further institutional use, connecting its issuance infrastructure with a major payment network.
Western Union states that USDPT is not guaranteed by the US government or insured by the Federal Deposit Insurance Corporation.
Visa Extends Its Settlement Options
The agreement follows Visa’s recent Monad expansion, which added another blockchain route for participating institutions. The two developments broaden different parts of the system: available blockchain networks and the assets that partners can use to settle.
Visa’s earlier rollout in Central and Eastern Europe, the Middle East and Africa described settlement capabilities extending through weekends and holidays. Blockchain-based dollar transfers can support 365-day operations, giving treasury teams more flexibility than conventional banking windows.
Issuers provide cards to customers, while acquirers process payments for merchants. Stablecoin settlement changes how participating businesses discharge those obligations without requiring shoppers to hold the token.
For participating firms, USDPT adds another funding choice within that broader shift. The commercial impact will depend on uptake and operating terms, which the partners have yet to quantify.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
