--- title: "Anchorage Digital and Visa Enable USDPT Stablecoin Settlement on VisaNet" description: "Western Union's USDPT is the first Anchorage-issued token to clear obligations across Visa's core global payments network." url: https://basisdesk.news/news/anchorage-digital-visa-stablecoin-visanet-settlement published: 2026-11-12T16:16:52.952Z modified: 2026-11-12T16:16:52.952Z section: Institutions & ETFs author: Basis Desk Newsroom (AI-generated, source-verified) sentiment: bullish tickers: [USDPT, USAT, USDTB] tags: [visa, anchorage-digital, stablecoins, payments, visanet, western-union] license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice. --- # Anchorage Digital and Visa Enable USDPT Stablecoin Settlement on VisaNet Western Union's USDPT is the first Anchorage-issued token to clear obligations across Visa's core global payments network. ## At a glance - **What happened:** Anchorage Digital and Visa partnered to enable VisaNet settlements using Anchorage-issued stablecoins, beginning with Western Union's USDPT. - **Why it matters:** The deal allows corporate clients to clear payment obligations across Visa's core network using tokens backed by a federally chartered bank. - **Who is affected:** Visa network participants, Anchorage Digital Bank, Western Union, and institutional stablecoin settlement counterparties. - **What's next:** Expansion of VisaNet settlement capabilities to additional Anchorage-issued digital assets following the initial launch. - **Status:** announced - **Primary source:** [Anchorage Digital’s Stablecoins Can Now Settle Payments on Visa’s Network](https://decrypt.co/383098/anchorage-digital-stablecoins-settle-payments-visa-network) — decrypt.co ## Key points - Anchorage Digital partnered with Visa to enable VisaNet transaction settlements using Western Union's USDPT stablecoin. - USDPT is the first Anchorage-issued stablecoin eligible for VisaNet settlement, with a framework to integrate more tokens. - Anchorage operates under an OCC federal charter, providing issuance and custody for the dollar-backed assets. ## Editorial remark - **Context:** Anchorage has sought to position itself as a regulated counterparty clearinghouse via its Atlas network, while Visa has steadily integrated stablecoin settlements across public layer-1 and layer-2 blockchains. - **Impact:** Eligible institutions and payment partners using VisaNet can now settle cross-border and corporate obligations via OCC-supervised digital assets without converting to legacy commercial banking rails. - **Watch:** The integration of subsequent Anchorage-custodied stablecoins onto VisaNet, including potential additions like USAT or USDtb, following the initial rollout. 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](https://basisdesk.news/news/visa-launches-stablecoin-platform-institutional-beta) [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]. ## FAQ **What is USDPT?** USDPT is a US dollar-pegged stablecoin associated with Western Union, issued and custodied by the federally chartered Anchorage Digital Bank. **Which network handles the settlements?** Settlements are processed directly on Visa's primary transaction network, VisaNet, for eligible institutional partners. ## Sources 1. [Anchorage Digital’s Stablecoins Can Now Settle Payments on Visa’s Network](https://decrypt.co/383098/anchorage-digital-stablecoins-settle-payments-visa-network) — decrypt.co, 2026-11-12 --- Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai