Visa adds Western Union’s USDPT stablecoin to VisaNet settlement - The Paypers

This integration allows financial institutions using VisaNet to settle transactions using USDPT, a stablecoin pegged to the US dollar. The move represents Visa's continued exploration of blockchain technology and digital assets within its global payment infrastructure.

Payment Innovation

The collaboration between these two payment giants demonstrates the growing acceptance of stablecoins in mainstream financial systems. By leveraging blockchain technology, the partnership aims to improve settlement speeds and reduce costs for cross-border payments.