TREE NEWS update: Anchorage Digital Bank expanded its partnership with Bitso to provide custody for MXNB across Arbitrum, Base, Ethereum, Polygon, Avalanche and Arc, the federally regulated crypto bank said. Bitso also listed USDPT and USAT, U.S. dollar stablecoins issued by Western Union and Tether respectively. Mexican users can buy and sell USDPT directly with pesos via the Bitso app, and Western Union agents with Bitso Business accounts can convert USDPT into other supported currencies.
Anchorage Digital Bank Adds Six-Chain Custody for MXNB; Bitso Lists USDPT and USAT
The MXNB custody expansion matters less for the six chains than for the counterparty: a federally regulated bank holding a peso-denominated stablecoin's reserves signals that non-dollar stablecoin infrastructure is being built to institutional standards. The more telling detail is Bitso listing Western Union's USDPT alongside Tether's USAT while enabling direct peso conversion and agent-level redemption — a distribution play through remittance rails rather than crypto-native channels. Whether that agent network actually drives USDPT usage beyond a listing, and whether other regulated custodians follow Anchorage into non-dollar stablecoins, are the open questions.
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