Western Union's USDPT stablecoin gets a role in Visa's settlement system
Anchorage Digital and Visa will let select Anchorage-issued stablecoins settle obligations on Visa's network, starting with USDPT. Reported by The Block.
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what happened
Anchorage Digital said it is working with Visa so that certain stablecoins issued by its federally chartered bank can serve as native settlement assets on the Visa network. Western Union's USDPT is the first token in the group. Visa and approved partners can use it to settle VisaNet obligations.
The companies are also building a framework to evaluate other stablecoins issued by Anchorage. Anchorage CEO Nathan McCauley said speed alone will not pull institutions onchain, and they need a regulated bank standing behind the money. USDPT launched in May on Solana, and Western Union started in the Philippines and Bolivia, planning round-the-clock settlements across more than 200 countries.
According to The Block, total stablecoin supply has dropped to roughly $280 billion from $300 billion in March. Tether's USDT accounts for about $177 billion and Circle's USDC for about $70 billion.
why it matters
The deal points to growing institutional use of stablecoins in payment infrastructure. Visa said its annualized stablecoin settlement run rate reached $20 billion in September, more than 15 times the year-earlier level. Total supply is shrinking, however, so the effect on USDT and USDC prices is unclear.
market impact
Stablecoins and payments: Visa's wider stablecoin settlement adds institutional demand for the sector.
tags
instruments
on polymarket
sources
- Visa adds Western Union’s USDPT stablecoin to its settlement network in Anchorage tie-up — The Block, 12 November 2026 at 16:00 UTC
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