Visa Network Now Supports Settlements Using Western Union Stablecoin USDPT

According to TechFlow, on November 13, Decrypt reported that Visa and eligible businesses can now use Western Union's USD stablecoin USDPT to settle relevant payments on the Visa network. USDPT is issued and held in custody by Anchorage Digital Bank, a U.S. federally chartered bank.

USDPT is the first Anchorage-issued stablecoin to qualify for this settlement capability, and both parties said the collaboration establishes a framework for adding other Anchorage-issued stablecoins in the future.

Source: TechFlow