Visa has partnered with Anchorage Digital to enable the use of Anchorage-issued stablecoins as native settlement assets on the VisaNet payment network. The initiative launches with USDPT, a dollar-backed stablecoin issued for Western Union, marking the first time such assets are supported on the network. This collaboration aims to provide institutional participants with faster settlement options backed by federal regulatory oversight.
USDPT, Western Union's dollar-backed stablecoin issued by Anchorage Digital Bank, becomes a settlement asset on Visa's network as of November 12, 2026. This directly supports Western Union's stated plans to expand blockchain-based treasury and cross-border payment operations, though no adoption or revenue figures are given.
- ▲ USDPT integrated into VisaNet for settlement of Visa obligations
- ▲ Potential expansion of Western Union's blockchain-based treasury and cross-border payments
- ▼ Announcement contains no financial terms or adoption targets for USDPT
- ▼ Actual usage by Visa partners remains to be seen