Visa adds Western Union’s USDPT to settlement network

Anchorage Digital Bank N.A. issues USDPT, which Western Union launched on Solana on May 4. The Visa agreement initially supports USDPT and sets out a framework for considering other Anchorage-issued tokens. Visa’s announcement did not specify which blockchain will be used for settlement.

Visa vice president of global crypto partnerships and go-to-market Dan Roesbery said the support gives partners “another trusted, institution-grade option.” Anchorage said the arrangement fits its plan to act as a settlement bank for stablecoins, providing issuance, custody and infrastructure for transfers between institutions.

Western Union and Anchorage say round-the-clock settlement could reduce reliance on prefunded accounts held in destination markets, where funds may be tied up while transfers are processed across different banking hours and time zones. They also cited faster reconciliation and fewer manual or batch processes as intended benefits. Neither company provided a figure for savings to senders or recipients.

Visa said its stablecoin settlement business had exceeded a $25 billion annualized run rate, disclosed during an Oct. 27 earnings call. Chief executive Ryan McInerney said the service covered 10 blockchains and all five of Visa’s geographic regions. More than 225 stablecoin-linked card programs were operating, reaching 5 million cards in more than 50 countries. The run rate is an annualized pace, not total fiscal 2026 processing or USDPT activity.

Western Union separately introduced its USDPT-backed Stablecard with Rain on Aug. 4. The wallet and linked Visa card launched in 37 markets, allowing customers to receive eligible remittances, hold dollar value and spend at Visa merchants or ATMs. Western Union said users could add the card to Apple Pay or Google Pay and set a target of expanding Stablecard to more than 60 markets by year-end.