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Crypto DeFi

Anchorage Digital Says Visa Partners Can Settle in Western Union’s USDPT Stablecoin

Anchorage Digital said Visa partners can now pay their VisaNet balances using USDPT, the Western Union stablecoin minted by its bank. Visa has not issued its own statement on the settlement option. The arrangement would let Visa network participants settle obligations in a bank-issued stablecoin rather than through conventional channels.

Original source

AI take

The significance lies less in the stablecoin itself than in who is doing the minting: a bank-issued token used for network settlement obligations, which pushes stablecoins further into wholesale payment plumbing rather than retail trading. That it comes via Anchorage's announcement, with Visa silent, leaves the scope of adoption unclear — the option's existence is not evidence of use. The open question is whether Visa network participants actually route settlement through USDPT, and whether Visa itself confirms or expands the arrangement.

Generated by AI for reference only.

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