Anchorage Digital said on November 12 that Visa will support select stablecoins issued through Anchorage as native settlement assets on its network, starting with Western Union’s USDPT. Under the arrangement, Visa and eligible partners can use the dollar-backed token to settle VisaNet obligations, adding a recently launched Western Union asset to Visa’s stablecoin-settlement options.
The announcement ties together Visa’s settlement network, Anchorage’s digital-asset banking infrastructure and Western Union’s payments-focused stablecoin. It also establishes a mechanism through which further Anchorage-issued tokens could be considered for use in Visa settlement.
USDPT becomes available for VisaNet obligations
Anchorage Digital announced a partnership with Visa to support stablecoins as native settlement assets on Visa’s network, with USDPT as the first asset covered by the arrangement.
Visa and eligible partners can use USDPT to settle obligations on VisaNet. The arrangement describes a network-level settlement use case, not availability of the token to every Visa customer or cardholder.
Unchained reported the settlement use case and noted that Visa and Western Union had not issued separate statements when its report was published. The announcement did not set out which partners are eligible.
Anchorage’s framework starts with Western Union’s token
USDPT is the first Anchorage Digital-issued stablecoin supported under the Visa arrangement and the initial token in the program.
The arrangement also includes a framework, Anchorage said, for evaluating additional stablecoins issued by Anchorage Digital. Neither company identified which assets might be assessed or provided a timetable for adding them.
USDPT therefore remains the only named token at this stage.
Western Union launched USDPT on Solana in May
Western Union launched USDPT on May 4, 2026, positioning it as regulated digital infrastructure for global payments. Western Union said the token is issued by Anchorage Digital Bank, backed by U.S. dollars and built on Solana for settlement and payment use cases.
That design makes the Visa arrangement a direct extension of the use cases Western Union outlined at launch. The new partnership concerns USDPT’s role in settling VisaNet obligations, while the original launch presented the token as part of the company’s broader payments infrastructure.
The announcement also gives the Solana-based asset a defined role alongside a major card network’s stablecoin settlement efforts. The supplied disclosures do not state settlement volumes for USDPT itself.
Visa expands settlement options as stablecoin volume scales
Visa had already reported growing activity in stablecoin settlement before the USDPT addition. On September 8, the company said its stablecoin settlement volume had surpassed a $20 billion annualized run rate, more than 15 times higher than a year earlier.
Visa’s September disclosure provides the broader scale against which the Anchorage partnership arrives. The USDPT arrangement expands the assets available for settlement through Visa’s network, beginning with Western Union’s token and a framework for potential additional Anchorage-issued stablecoins.
