Visa is adding Western Union’s USDPT stablecoin to its settlement network through a partnership with Anchorage Digital. The arrangement will let eligible partners use the token to settle obligations on VisaNet.
Anchorage Digital said Thursday that its federally chartered bank will support select stablecoins as native settlement assets on Visa’s network, beginning with USDPT. The agreement also sets a framework for evaluating additional stablecoins issued by Anchorage Digital Bank.
Visa expands stablecoin settlement with Anchorage Digital
Under the agreement, Visa and eligible partners can use USDPT to settle VisaNet obligations. VisaNet is the payments network’s system for settling transactions between participating financial institutions.
The arrangement broadens Visa’s stablecoin settlement capabilities beyond the assets it already supports, giving institutions another way to manage settlement obligations using digital dollars.
“Stablecoins have made money move faster, but speed alone won’t bring institutions onchain,” said Anchorage Digital CEO Nathan McCauley.
He added that institutions need regulated infrastructure to support their transactions, combining the speed of stablecoins with the oversight of a federally chartered bank.
Visa Vice President of Global Crypto Partnerships Dan Roesbery said the collaboration would give partners more settlement options backed by regulated financial infrastructure.
Western Union’s USDPT expands into Visa settlement
USDPT is a US dollar stablecoin issued by Anchorage Digital Bank on Solana. Launched in May 2026, the token is fully backed by US dollar reserves and redeemable at a 1:1 ratio.
Western Union introduced USDPT to support treasury management, cross-border transfers and settlement across its global payment network. The company aims to reduce reliance on prefunded accounts and improve capital efficiency by enabling funds to move continuously.
In August, Western Union also launched Stablecard with Rain, pairing a USDPT wallet with a Visa card. The product debuted in 37 markets, with plans to expand to more than 60 by the end of 2026.
The Stablecard consumer product is separate from the new institutional settlement agreement, which is focused on letting eligible financial institutions meet their Visa obligations using USDPT.
Visa has been expanding its stablecoin infrastructure as institutional adoption accelerates. In September, the company reported that its stablecoin settlement volume had exceeded a $20 billion annualized run rate, more than 15 times higher than a year earlier.
Anchorage Digital, valued at $4.2 billion after Tether invested $100 million in February, also issues stablecoins for institutions including Tether, Ethena Labs and OSL Group.
In addition to issuing stablecoins, the company operates Atlas, an institutional settlement network that supports collateral management, off-exchange settlement and cross-border transfers.
The companies said the partnership could eventually include additional stablecoins issued by Anchorage Digital Bank, but they announced no other assets or rollout dates.
