Nathan McCauley

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Visa lets partners settle card payments with Western Union's stablecoin

Running the bank that issues USDPT and five other stablecoins

Visa and Anchorage Digital said eligible partners can now settle what they owe on VisaNet in USDPT, Western Union's dollar-backed token, instead of moving dollars between bank accounts. The token is issued by Anchorage Digital Bank, N.A., which holds a federal charter; until now USDPT had been used mainly for Western Union payouts and a co-branded Visa card.

Updated 47 minutes ago