Overview
- The agreement announced Thursday allows Visa and eligible partners to use USDPT, a dollar-pegged stablecoin issued and custodied by Anchorage Digital Bank on Solana, to settle obligations on VisaNet.
- Anchorage and Visa said the deal makes USDPT a native settlement asset and establishes a framework to evaluate adding other Anchorage-issued stablecoins in the future.
- Anchorage framed the move as pairing stablecoin speed with the oversight of a federally chartered bank to attract institutions that want regulated custody behind digital dollars.
- The companies said using USDPT can cut the need for prefunded destination accounts and speed reconciliation by letting funds move continuously instead of waiting for batch transfers.
- The move builds on Visa’s rapid push into onchain settlement, which the company said had passed an annualized run rate above $25 billion, and keeps consumer products like Western Union’s separate Stablecard distinct from this institutional arrangement.