> ## Content Index > Fetch the complete content index at: https://stablecoininsider.org/llms.txt > Use this file to discover other available public pages before exploring further. # Visa USDPT Settlement: Western Union Stablecoin on VisaNet - URL: https://stablecoininsider.org/visa-usdpt/ - Published: 2026-11-13T07:50:08.000Z - Updated: 2026-11-13T07:50:10.000Z - Description: Anchorage Digital says Visa and eligible partners can now settle VisaNet obligations in USDPT, the Western Union stablecoin its federally chartered bank issues. What changed, how it compares with Visa's other settlement coins, and what is still unknown. - Author: Alexandra - Tags: News, Stablecoins, payments Visa and eligible partners can now settle what they owe on VisaNet in USDPT, the US dollar stablecoin Western Union launched this year. Anchorage Digital, whose federally chartered bank issues USDPT, announced the collaboration on 12 November 2026 and said USDPT is the first of its stablecoins to be supported as a native settlement asset on the Visa network ([Anchorage Digital release](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)). The deal also sets up a framework to consider more Anchorage-issued stablecoins later (same source). It lands two days after Visa added Monad as a settlement chain, a move covered in [Visa Monad stablecoin settlement](https://stablecoininsider.org/visa-monad-stablecoin-settlement/). This post explains what the Visa USDPT announcement changes, how it fits next to the stablecoins Visa already accepts, what Anchorage gets out of it, and what is still unknown. ## Key Takeaways - Visa and eligible partners can now use Western Union's USDPT to settle VisaNet obligations, Anchorage Digital announced on 12 November 2026. - USDPT is the first stablecoin issued by Anchorage Digital Bank to be supported on the Visa network; a framework exists to add others later. - Visa named USDC, USDG, EURC, PYUSD and SBC as supported settlement stablecoins on its 27 October earnings call, so USDPT becomes the sixth. - The release does not name the blockchain for USDPT settlement or which Visa partners are eligible, and Visa and Western Union issued no separate statements. - Visa put its annualized stablecoin settlement run rate above $25 billion on the 27 October call, up from more than $20 billion cited on 8 September. ## What did Visa and Anchorage announce about USDPT? Anchorage Digital Bank and Visa are partnering so that select Anchorage-issued stablecoins can act as native settlement assets on the Visa network, starting with USDPT. In practice, Visa and eligible partners now have the option to use USDPT to settle their VisaNet obligations ([Anchorage release](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)). Anchorage CEO Nathan McCauley said institutions "need a regulated institution behind the money" and that the Visa support gives them "the speed of a stablecoin and the safety of a federally regulated bank" (same source). Visa's Dan Roesbery, vice president of global crypto partnerships and go-to-market, said supporting USDPT gives Visa partners "another trusted, institution-grade option backed by a federally chartered bank" ([Anchorage release](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)). The Block first reported the news on 12 November at 11:00 ET, from a statement shared by Anchorage ([The Block](https://www.theblock.co/news/business/2026-11-12-visa-adds-western-unions-usdpt-stablecoin-to-its-settlement-network-in-anchorage-tie-up-438520)). Unchained noted that Visa and Western Union had not put out their own statements, and that Visa is among Anchorage's investors ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)). Scope check: this is a settlement option for banks and payment firms that owe Visa money. It is not a consumer feature, and cardholders do not pay in USDPT because of it. ## What is USDPT? USDPT is Western Union's US dollar payment stablecoin, issued by Anchorage Digital Bank N.A. It debuted on Solana in May 2026, with Fireblocks providing the wallet and settlement infrastructure, and Western Union first rolled it out in the Philippines and Bolivia for 24/7 settlement across a network that covers more than 200 countries ([The Block](https://www.theblock.co/news/business/2026-11-12-visa-adds-western-unions-usdpt-stablecoin-to-its-settlement-network-in-anchorage-tie-up-438520)). Until now USDPT was mainly an internal tool for Western Union to move money with its agents and treasury. The launch details are in [Western Union launches USDPT on Solana](https://stablecoininsider.org/western-union-launches-usdpt-a-regulated-dollar-stablecoin-built-on-solana/), and its consumer-facing redirect product is covered in [Western Union's receiver redirect](https://stablecoininsider.org/western-union-receiver-redirect/). Visa support is the first time a large outside network has said it will take USDPT as payment for its own settlement. ## How does stablecoin settlement on VisaNet work? Card issuers and acquirers settle the balances they owe Visa every day. Visa lets some of them settle those VisaNet obligations in stablecoins sent over blockchains Visa supports, instead of only through bank wires, as Unchained explains ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)). For a partner that chooses USDPT, the flow looks like this in outline (Stablecoin Insider's summary of the public descriptions, not a Visa spec): - Calculate: VisaNet works out the net amount the partner owes for the settlement cycle. - Fund: the partner obtains USDPT, which Anchorage Digital Bank mints and redeems one to one for dollars. - Send: the partner transfers USDPT to Visa on a supported chain, which can happen outside bank hours. - Convert: whoever holds the USDPT can redeem it with the issuer for dollars, one to one. The main benefit is timing. Bank wires stop on weekends and holidays, while a stablecoin transfer can settle at any hour. For a step-by-step look at how finance teams evaluate this, see [a CFO's guide to stablecoin settlement](https://stablecoininsider.org/a-cfos-guide-to-stablecoin-settlement/). [Visa Monad Stablecoin Settlement: What Card Issuers GetVisa added Monad to its stablecoin settlement program on 10 November 2026.![](https://stablecoininsider.org/favicon.ico)Stablecoin Insider](https://stablecoininsider.org/visa-monad-stablecoin-settlement/) ## How does USDPT compare with Visa's other settlement stablecoins? USDPT is the sixth stablecoin named for Visa settlement and the first issued by Anchorage Digital Bank. On its 27 October earnings call, Visa said it already supported USDC, USDG, EURC, PYUSD and SBC for settlement, and 10 blockchains, according to a call transcript cited by Unchained ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)). | Question | Before 12 November | After the USDPT announcement | | ------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | | Settlement stablecoins named by Visa | USDC, USDG, EURC, PYUSD, SBC ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)) | Those five plus USDPT ([Anchorage](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)) | | Anchorage-issued coins on Visa | None | USDPT only; others may follow under a framework ([Anchorage](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)) | | Settlement chain for USDPT | Not applicable | Not stated in the release ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)) | | Eligible partners | Partners already on Visa stablecoin settlement | "Eligible partners", not named ([Anchorage](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)) | | Official statement | Not applicable | Anchorage release only; no separate Visa or Western Union release ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)) | The run rate behind all of this is growing fast. Visa said on the 27 October call that stablecoin settlement was running above $25 billion a year on an annualized basis, up from the more than $20 billion it cited on 8 September ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)). Visa has also added networks including Monad, Canton, Base and Tempo to its settlement options ([The Block](https://www.theblock.co/news/business/2026-11-12-visa-adds-western-unions-usdpt-stablecoin-to-its-settlement-network-in-anchorage-tie-up-438520)). [Read the CFO guide to stablecoin settlement](https://stablecoininsider.org/a-cfos-guide-to-stablecoin-settlement/) ## Why does this matter for Anchorage Digital? It moves Anchorage from issuer toward settlement bank. Anchorage says the partnership is a step toward becoming "the settlement bank for stablecoins at institutional scale", which means issuing coins and also providing custody and settlement infrastructure ([Anchorage release](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)). Its counterparty settlement network, Atlas, already handles off-exchange settlement, collateral management and cross-border transfers (same source). Anchorage Digital Bank also issues USAT for Tether, USDGO for OSL Group, USDtb for Ethena Labs, fUSD for Falcon Finance and ZLUSD for Zelle, each backed by dollars and cash equivalents and redeemable one to one ([Anchorage release](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)). The release does not say whether Visa will support any of them ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)). For how a federal trust charter differs from other issuer structures, see [national trust charter vs bank vs state trust](https://stablecoininsider.org/national-trust-charter-vs-bank-vs-state-trust/). | Anchorage-issued stablecoin | Brand partner | Visa settlement support | | --------------------------- | -------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------- | | USDPT | Western Union | Yes, from 12 November 2026 ([Anchorage](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)) | | USAT | Tether | Not stated ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)) | | USDGO | OSL Group | Not stated | | USDtb | Ethena Labs | Not stated | | fUSD | Falcon Finance | Not stated | | ZLUSD | Zelle | Not stated | Watch item: if Visa later adds USAT or ZLUSD through the same framework, a single federally chartered bank would sit behind several Visa settlement coins at once. That is a concentration question issuers and regulators will ask about. ## Stablecoin Insider's take Stablecoin Insider's take: this deal is less about Western Union and more about the issuer. Visa is signalling that it will accept settlement coins from a federally chartered bank under a repeatable framework, which turns Anchorage into a kind of on-ramp for brand-name stablecoins that want Visa acceptance without each brand negotiating its own deal. For Western Union, the value is distribution. A remittance token that only moved between Western Union and its own agents had a narrow use. A token Visa partners can use to pay their settlement bill gives banks and fintechs a reason to hold it, which matters for liquidity in the corridors Western Union serves. The open questions are practical. Without a named chain, a list of eligible partners or any volume target, nobody outside the companies can yet judge how much settlement will actually move in USDPT. Treat this as an option that now exists, not as evidence of usage. **Comparing stablecoin rails for cross-border money?** See how stablecoin settlement stacks up against correspondent banking on cost, speed and risk. [Read the cross-border guide ](https://stablecoininsider.org/cross-border-payments-on-stablecoin-rails/) ## What is still unknown about Visa USDPT settlement? Three things are not public yet: the blockchain used, the eligible partners and any volumes. The release does not say which of Visa's supported chains USDPT settlements will use or which partners qualify ([Unchained](https://unchainedcrypto.com/western-unions-usdpt-stablecoin-becomes-a-settlement-option-on-visa-anchorage-digital-says/)), and it gives no fees or settlement-time targets ([Anchorage release](https://www.anchorage.com/press-room/anchorage-digital-to-support-visa-stablecoin-settlement-starting-with-usdpt)). - Chain: USDPT launched on Solana, which Visa already supports, but the release does not confirm Solana for settlement. - Partners: no issuer, acquirer or Western Union entity is named as the first to settle in USDPT. - Volume: no target or first-month figure has been shared. - Next coins: the framework allows more Anchorage-issued stablecoins, with no names or dates. ## FAQ #### What is the Visa USDPT announcement? Anchorage Digital said on 12 November 2026 that Visa and eligible partners can now use Western Union's USDPT stablecoin to settle VisaNet obligations, making it the first Anchorage-issued stablecoin supported on the Visa network. #### Who issues USDPT? Anchorage Digital Bank N.A., a federally chartered bank, issues USDPT for Western Union. It is backed by US dollars and cash equivalents and redeemable one to one. #### Can cardholders pay with USDPT on Visa now? No. The change covers how Visa and eligible partners settle obligations with each other. It does not change how cardholders pay. #### Which other stablecoins can settle on Visa? On its 27 October 2026 earnings call Visa named USDC, USDG, EURC, PYUSD and SBC. USDPT is now added to that group. #### Which blockchain will USDPT settlement use? The release does not say. USDPT launched on Solana in May 2026, but no chain has been confirmed for Visa settlement. #### Will Visa add USAT or other Anchorage stablecoins? The partnership creates a framework to explore more Anchorage-issued stablecoins later, but no other coin has been named. ## What happens next? Next, watch for the first named partner settling in USDPT, confirmation of the chain, and whether a second Anchorage coin such as USAT joins under the same framework. Visa's next earnings update may also refresh its run rate and coin list. Stablecoin Insider will update this post when those details are published. --- This content is provided for informational and educational purposes only and doesn't constitute financial, investment, legal or tax advice. Nothing here is a recommendation to buy or sell USDPT, any other stablecoin or any digital asset, or to use any named payment network or bank. Do your own research and speak to a licensed adviser before making financial decisions.