The Visa network now supports settlement using Western Union stablecoin USDPT.

on November 13, according to Decrypt, Visa and eligible companies can now use Western Union's US dollar stablecoin USDPT to settle related payments on the Visa network. USDPT is issued and custodied by Anchorage Digital Bank, a US federally chartered bank.

USDPT is the first Anchorage-issued stablecoin to qualify for this settlement service. Both parties stated that this collaboration establishes a framework for adding other Anchorage-issued stablecoins in the future.