Anchorage Digital announced a collaboration with Visa to support Western Union’s USDPT as a settlement asset on VisaNet. Visa and eligible partners can use the token to settle obligations; the companies plan to evaluate other Anchorage-issued stablecoins for possible support.
Visa reported an annualized stablecoin settlement run rate of $25 billion as of September, alongside more than 225 active stablecoin-linked card programs worldwide. Anchorage said USDPT is issued by its federally regulated bank and backed 1-to-1 by U.S. dollars and cash equivalents.
