Anchorage Digital Stablecoin USDPT Now Settles Payments on VisaNet

The notable element here is structure rather than novelty: a federally chartered bank sits at both issuance and custody, which is the kind of regulated wrapper that has been the missing piece for stablecoins moving into card-network settlement. This matters most for issuers seeking bank-grade oversight and for networks testing tokenized settlement rails alongside existing fiat flows. Whether other stablecoins follow into VisaNet settlement, and how the issuer-custodian role is treated as more tokens arrive, is the open question worth watching.