Visa Adds Western Union’s USDPT for VisaNet Settlement

Visa and eligible partners can use Western Union’s USDPT stablecoin to settle amounts owed through VisaNet, Anchorage Digital announced Nov. 12, 2026. USDPT is the first stablecoin issued by Anchorage Digital Bank N.A. to be accepted as a settlement asset on Visa’s network.

Card issuers and payment processors calculate their net obligations to Visa and can use supported stablecoins to transfer those payments over a blockchain. The arrangement applies to financial institutions and payment companies, not cardholders. Consumers will not pay for purchases in USDPT because of the agreement.

Anchorage Digital Bank, a federally chartered bank, issues USDPT for Western Union. The token is backed by U.S. dollars and cash equivalents and can be redeemed for dollars on a one-to-one basis. Western Union launched USDPT on Solana in May 2026 for settlement with agents in the Philippines and Bolivia.

In a statement, Anchorage Digital CEO Nathan McCauley said institutions “need a regulated institution behind the money.” He described the arrangement as offering “the speed of a stablecoin and the safety of a federally regulated bank.”

Dan Roesbery, Visa’s vice president of global crypto partnerships and go-to-market, described USDPT as “another trusted, institution-grade option backed by a federally chartered bank.”

Visa previously identified USDC, USDG, EURC, PYUSD and SBC as stablecoins supported for settlement. USDPT brings the number of publicly identified settlement stablecoins to six. Visa said on an Oct. 27 earnings call that its annualized stablecoin settlement volume had exceeded $25 billion, up from more than $20 billion cited on Sept. 8.

The agreement creates a framework for considering additional stablecoins issued by Anchorage Digital Bank. Anchorage has said the bank issues or supports USAT for Tether, USDGO for OSL Group, USDtb for Ethena Labs, fUSD for Falcon Finance and ZLUSD for Zelle. No decision has been announced on whether any of those tokens will join Visa’s settlement program.

The companies have not disclosed which blockchain will handle USDPT settlement through Visa. Although the token launched on Solana, the announcement did not confirm that network for Visa transactions. The companies also did not identify the first eligible Visa partner, provide settlement volumes or state when the activity will begin.

Visa has expanded its stablecoin settlement network to blockchains including Monad, Canton, Base and Tempo. Visa added Monad on Nov. 10, 2026, two days before the USDPT announcement.