Announced Thursday, Visa and Anchorage Digital are allowing Western Union's USDPT, a stablecoin issued and custodied by Anchorage Digital Bank, to settle transactions directly on VisaNet, establishing a framework to add more Anchorage-issued tokens later. Anchorage co-founder and CEO Nathan McCauley highlighted the appeal as combining a stablecoin's speed with a federally regulated bank's backing, stating that institutions want "a regulated institution behind the money." The partnership advances Anchorage's goal of becoming the institutional-scale settlement bank for stablecoins, expanding its reach beyond recent custody roles in the U.S.-Mexico corridor.

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