Visa adds Western Union’s USDPT stablecoin to its settlement network
Visa is integrating Western Union’s USDPT stablecoin into its settlement network through a partnership with Anchorage Digital, allowing eligible partners to settle obligations using the token.
Anchorage Digital announced Thursday that its federally chartered bank will support select stablecoins as native settlement assets on Visa’s network, starting with USDPT.
The token is a US dollar stablecoin issued by Anchorage Digital Bank on Solana, launched in May 2026 and fully backed by US dollar reserves.
Under the agreement, Visa and eligible partners can use USDPT to settle VisaNet obligations, the payments network’s process for settling transactions between participating financial institutions.
Institutional settlement
Western Union introduced USDPT to support treasury management, cross border transfers and settlement across its global payment network, aiming to reduce reliance on prefunded accounts.
The new institutional settlement agreement focuses on allowing eligible financial institutions to meet their Visa obligations using USDPT, separate from the consumer Stablecard product.
Stablecoins have made money move faster, but speed alone won't bring institutions onchain," said Anchorage Digital CEO Nathan McCauley.
Expansion of capabilities
The arrangement expands Visa’s stablecoin settlement capabilities beyond existing supported assets, giving institutions another option for managing settlement obligations using digital dollars.
Visa has been expanding its stablecoin infrastructure as institutional adoption accelerates, reporting in September that its stablecoin settlement volume had surpassed a $20 billion annualized run rate.
Anchorage Digital, valued at $4.2 billion following a $100 million investment from Tether in February, also operates Atlas, its institutional settlement network supporting collateral management and cross border transfers.
The companies said the partnership could eventually extend to additional stablecoins issued by Anchorage Digital Bank, although no further assets or rollout dates were announced.
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