Anchorage's USDPT Stablecoin Now Settles on VisaNet

Anchorage Digital is teaming up with Visa to let select Anchorage-issued stablecoins settle transactions directly on VisaNet, starting with Western Union's USDPT, the companies announced Thursday. Under the arrangement, Visa and eligible companies can now use USDPT—a dollar-pegged stablecoin issued and custodied by Anchorage Digital Bank—to settle their obligations on the Visa network.

It is the first Anchorage-issued token to gain that status, and the companies said the deal establishes a framework to add more of its stablecoins later.

A regulated bank behind the money

The appeal, Anchorage argues, is pairing the speed of a stablecoin with the backing of a regulated bank. Anchorage operates what it bills as America's first federally chartered crypto bank, overseen by the Office of the Comptroller of the Currency.

"Speed alone won't bring institutions onchain," said Nathan McCauley, Anchorage's co-founder and CEO, arguing that institutions want "a regulated institution behind the money."

Dan Roesbery, a Visa vice president for crypto partnerships, framed the USDPT support as giving partners "another trusted, institution-grade option" for settling with Visa.

Building the settlement bank for stablecoins

For Anchorage, the deal advances a broader ambition to become the settlement bank for stablecoins at institutional scale, providing custody and settlement rails rather than only issuing tokens. The bank already issues institution-grade stablecoins including Tether's U.S.-regulated USAT, Western Union's USDPT and Ethena's USDtb, each redeemable one-to-one for dollars. Its counterparty settlement network, Atlas, handles off-exchange settlement, collateral management and cross-border transfers.

Anchorage also recently positioned itself as the custody backbone of the U.S.-Mexico stablecoin corridor. Backing a token on Visa's network, which reaches merchants and banks worldwide, extends that footprint into mainstream payments. The move is the latest sign of Visa weaving stablecoins into its settlement plumbing, following a stablecoin settlement program spanning networks like Base and Polygon.

Key facts

• USDPT is the first Anchorage-issued stablecoin cleared to settle on VisaNet.
• The framework allows additional Anchorage-issued stablecoins to be added later.
• Anchorage Digital Bank is overseen by the Office of the Comptroller of the Currency.
• Anchorage also issues Tether's USAT and Ethena's USDtb, each redeemable one-to-one for dollars.