Visa adds Western Union’s USDPT stablecoin to VisaNet via Anchorage partnership
Visa and Anchorage Digital announced that Western Union’s USDPT stablecoin, issued by Anchorage, can now be used as a native settlement asset on VisaNet. The deal makes USDPT the first Anchorage‑issued token to receive Visa network status and establishes a framework for additional Anchorage stablecoins. Visa said its annualized stablecoin settlement run rate is about $20 billion, more than 15 times the prior year’s level.
Why it matters
The company says the $20 billion run rate shows rapid growth in its crypto settlement business, which could expand Visa’s revenue streams from digital payments. Western Union expects the token to streamline treasury operations and free up idle capital across its global network.
Key facts
- 1Visa and eligible partners can settle VisaNet obligations using Western Union’s USDPT stablecoin, which Anchorage Digital issues. theblock.co
- 2USDPT is a Solana‑based stablecoin backed 1:1 by US dollar reserves and was launched in May 2026. cryptobriefing.com
- 3Visa’s annualized stablecoin settlement run rate reached $20 billion in September, more than 15 times the year‑earlier figure. theblock.co
- 4Visa’s annualized stablecoin settlement volume has been reported at approximately $20–25 billion. cryptobriefing.com
- 5The partnership is the first to give an Anchorage‑issued token settlement status on Visa’s network. finance.yahoo.com
- 6Western Union plans to use USDPT for 24/7 settlements across its network in more than 200 countries. theblock.co
Open questions
- Visa’s annualized stablecoin settlement volume is reported as $20 billion in material 1 and $20–25 billion in material 2, a conflict on the same basis.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.