Anchorage Digital and Visa announced an arrangement under which Visa and eligible companies can use Western Union’s USDPT stablecoin to settle obligations on VisaNet. USDPT, issued and custodied by Anchorage Digital Bank, is the first Anchorage-issued token covered; support for others could follow under a framework the companies said they established.
Anchorage says the arrangement pairs stablecoin speed with the safeguards of a federally regulated bank. That is the company’s case for the deal, not a measured result.
