Overview
- The companies announced on Thursday, Nov. 12 that Visa and eligible VisaNet partners can use USDPT, a stablecoin issued and custodied by Anchorage Digital Bank, to settle obligations on Visa’s network.
- USDPT was launched by Western Union on Solana in May 2026 and is described by Anchorage as fully backed by US dollar reserves and redeemable one‑for‑one.
- The agreement establishes a formal process to consider additional Anchorage‑issued stablecoins later and advances Anchorage’s pitch to act as a settlement bank that issues, custodies and moves institutional stablecoins.
- Visa framed the deal as part of a broader push to scale stablecoin settlement capacity that already runs in the tens of billions annually and spans multiple blockchains and card programs.
- The partners say USDPT can enable 24/7 settlement and reduce the need for prefunded destination accounts, but the rollout is limited to eligible partners and no consumer fee changes or broader timelines have been announced.