Visa Adds Western Union's USDPT Stablecoin to Settlement Network in Anchorage Tie-Up

Visa will accept Western Union’s USDPT stablecoin as a settlement asset on its network through a partnership with Anchorage Digital, The Block reported on November 12, 2026, citing a statement Anchorage shared. Visa and eligible partners can use USDPT to settle VisaNet obligations.

USDPT is issued by Anchorage Digital Bank, a federally chartered bank, and is the first Anchorage-issued stablecoin supported this way. The companies are also setting up a framework to consider other stablecoins Anchorage issues. Anchorage issues stablecoins for several companies, including Tether’s USAT, Ethena Labs’ USDtb and Zelle’s ZLUSD.

USDPT launched on Solana in May 2026, with Fireblocks providing wallet and settlement infrastructure, starting in the Philippines and Bolivia. Western Union plans to use it for round-the-clock settlement across its network in more than 200 countries.

Visa said in September 2026 that its annualized stablecoin settlement run rate had reached $20 billion, more than 15 times the year-earlier figure. Its program supports networks including Base, Canton, Monad and Tempo.

Anchorage aims to become a settlement bank for stablecoins, extending its business beyond issuance into custody and settlement, The Block reported.

“Stablecoins have made money move faster, but speed alone won’t bring institutions onchain,” Anchorage CEO Nathan McCauley said. “They need a regulated institution behind the money.”