Visa incorporates the Western Union remittance stablecoin USDPT into VisaNet settlement assets

According to The Block, Anchorage Digital announced a partnership with Visa to use a portion of the stablecoins issued by its federally chartered bank as native settlement assets on the Visa network, with the first supported being the Western Union stablecoin USDPT. Visa and eligible partners can now settle VisaNet debts using USDPT, and both parties will establish a framework to evaluate the inclusion of more stablecoins issued by Anchorage.

USDPT was launched on Solana in May of this year, issued and custodied by Anchorage Digital Bank.