Visa has added Western Union's USDPT stablecoin as an eligible settlement asset on VisaNet, allowing Visa and its eligible partners to settle obligations with the token. USDPT is issued and held in custody by Anchorage Digital Bank and runs on the Solana blockchain.
The announcement, reported on November 12, adds a new settlement option rather than relaunching the token itself. Western Union is a commercial participant in USDPT, and Anchorage acts as issuer and custodian.
Visa has not disclosed any completed USDPT settlement, transaction volume or the partners that will use the option, so the scale of adoption remains unclear.