Anchorage Digital Partners with Visa, USDPT Integrated into Visa Network Settlement

Odaily Report: Digital asset bank Anchorage Digital has partnered with Visa to allow Visa and eligible enterprises to use the USD stablecoin USDPT, issued and custodied by Anchorage Digital Bank, for settlement on the Visa network. USDPT is issued by Western Union and is the first Anchorage-issued token approved for this settlement arrangement.

The two parties stated that additional Anchorage-issued stablecoins can be included in the arrangement in the future. Anchorage Digital CEO Nathan McCauley said institutions need settlement solutions that combine stablecoin speed with the safeguards of a regulated institution. (Decrypt)