Visa to Add Western Union Stablecoin USDPT to Settlement Network With Anchorage Digital
JH Kim
Summary
- Visa said it will work with Anchorage Digital to introduce Western Union's stablecoin USDPT to its payments and settlement network.
- Visa said it plans to allow eligible partners to use USDPT for settlement on its payment network.
- The partnership will allow eligible partners to fulfill settlement obligations generated on VisaNet with USDPT.
Forecast Trend Report by Period
Visa is partnering with Anchorage Digital to add Western Union's stablecoin USDPT to its payments and settlement network.
Cointelegraph reported on November 12 that Visa plans to add USDPT to its payment network through the partnership, allowing eligible partners to use the token for settlement.
Under the arrangement, eligible partners will be able to meet settlement obligations generated on VisaNet using USDPT.
USDPT is Western Union's U.S. dollar-denominated stablecoin, and the partnership is focused on integrating the token into Visa's payments and settlement system.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.