Crypto

Visa opens its settlement network to Western Union's USDPT stablecoin

Visa is adding Western Union's USDPT stablecoin, a Solana-based token, as an option for settling payments on its network. Anchorage Digital said eligible partners can now use it to pay VisaNet balances.

Illustration: A large flat silver token and a banknote side by side above a simplified row of shop fronts in cream and teal.
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Visa is widening its stablecoin settlement network with help from Anchorage Digital Bank. A stablecoin is a crypto token built to keep a steady value, and the first one added is Western Union's USDPT. It runs on the Solana blockchain.

Through the deal, approved partners of Visa can use USDPT to settle what they owe on VisaNet, the company's payment network. On November 12, Anchorage Digital made the change public. The bank creates the Western Union token, and it stated that Visa's partners may now settle their VisaNet balances using USDPT.

Visa$425.76up +8.77%over 1 month
$436.57$391.4314 Oct13 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

Visa has not released a statement of its own, so the details come from Anchorage Digital. The change adds a crypto-based option to how payments between partners are settled on one of the largest card networks.

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