The change applies to payments between approved financial institutions and Visa. Shops that accept Visa will not automatically receive USDPT. Visa has also not added every stablecoin issued by Anchorage Digital Bank. The announcement names only USDPT.
Anchorage Digital announced the agreement on 12 November. Anchorage Digital Bank issues USDPT for Western Union. Visa operates VisaNet. Approved partners can now use USDPT when they transfer money owed to Visa. The companies did not state how much money will be transferred with USDPT.
USDPT receives another use after its May launch
USDPT was launched on the Solana blockchain in May. Western Union first introduced it in the Philippines and Bolivia. Anchorage Digital Bank issues the token. Fireblocks provides the technology for wallets and transfers. The new agreement adds USDPT to VisaNet payments between institutions.
A stablecoin is designed to track a reference asset, in this case the US dollar. Anchorage says its issued coins are backed by dollars and cash equivalents and can be redeemed one for one. That structure is different from holding a volatile cryptocurrency such as Bitcoin, though it still relies on the issuer and the terms of redemption.
| Participant | Rolle |
|---|---|
| Western Union | Owns the USDPT brand and uses the token in its payment services |
| Anchorage Digital Bank | Issues USDPT |
| Visa | Allows approved partners to use USDPT on VisaNet |
| Approved partners | Can transfer USDPT when settling payments with Visa |
The companies may add more stablecoins later
Visa’s crypto partnerships executive Dan Roesbery said the addition gives partners more choice in how they settle with the network. Anchorage chief executive Nathan McCauley emphasised the role of a regulated institution behind the token, alongside the speed of blockchain transfers.
The companies may add other stablecoins from Anchorage Digital Bank later. Visa does not currently support those other tokens under this agreement. The announcement did not name another token or a date for an expansion. It also did not publish the full list of approved partners.
Visa already supports stablecoin settlement through other agreements. The partnership with Anchorage adds another token and does not replace Visa’s existing settlement in traditional currencies. Anchorage is also expanding its custody and settlement services for institutional customers.
The announcement did not say which blockchain VisaNet will use for these transfers. USDPT already exists on Solana, but the companies did not confirm that every VisaNet transfer will use Solana. Other technical details were also not published.
Dieser Artikel dient nur zur Information und ist keine Anlageberatung.
admin_wcAutor · World-CryptMehr von
