Anchorage Digital and Visa Enable USDPT Stablecoin Settlement on VisaNet

Anchorage Digital announced an agreement with Visa to allow select Anchorage-issued stablecoins to settle transactions on VisaNet, initiating the integration with Western Union's $USDPT ¹. Under the arrangement disclosed on Nov. 12, Visa and qualifying counterparties can clear payment obligations using the dollar-pegged token, which is issued and custodied directly by Anchorage Digital Bank ¹.

The initiative marks the first time an Anchorage-issued token has secured settlement status on VisaNet ¹. The entities established a operational framework designed to integrate additional Anchorage stablecoins over time ¹. Anchorage, which functions as a federally chartered crypto bank regulated by the Office of the Comptroller of the Currency (OCC), positions the integration as a way to combine institutional custody with mainstream payment rails ¹. Anchorage Chief Executive Nathan McCauley stated that institutional adoption requires backing from regulated entities alongside transaction speed ¹.

Institutional Settlement Rails Expand

The integration expands Visa's broader integration of digital assets into its payment architecture, supplementing existing initiatives across networks such as Base and Polygon ¹. The payment processor has also worked to facilitate institutional issuance, previously rolling out initiatives such as a stablecoin platform for institutional minting and settlement ¹. Dan Roesbery, vice president for crypto partnerships at Visa, noted that adding $USDPT offers corporate partners an institution-grade settlement mechanism ¹.

For Anchorage, the deal reinforces its counterparty infrastructure, which includes the Atlas settlement network for off-exchange collateral management and cross-border transfers ¹. The institution also serves as custody infrastructure for cross-border remittance routes along the US-Mexico corridor and supports other regulated tokens such as Tether's $USAT and Ethena's $USDtb ¹. Support for further stablecoin assets within the Visa ecosystem is expected to follow the initial deployment ¹.