Key facts
- USDPT is a dollar-pegged stablecoin issued and custodied by Anchorage Digital Bank, the companies said.
- Anchorage said USDPT is the first Anchorage-issued token to gain settlement status on VisaNet.
- Visa and eligible companies can use USDPT to settle obligations on the Visa network, the companies said.
- Anchorage CEO Nathan McCauley said institutions want a regulated institution behind the money.
- Visa vice president Dan Roesbery said USDPT gives partners another institution-grade settlement option.
Anchorage Digital is extending its stablecoin business into Visa's payment network. Under an arrangement announced Thursday, November 12, 2026, Visa and eligible companies can use USDPT, a dollar-pegged stablecoin issued and custodied by Anchorage Digital Bank, to settle obligations on VisaNet. It is the first Anchorage-issued token to gain that status, and the companies said the deal sets a framework to add more of its stablecoins later.
Anchorage argues the appeal is pairing a stablecoin's speed with the backing of a regulated bank. It operates what it describes 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," CEO Nathan McCauley said, adding that institutions want "a regulated institution behind the money."
Visa has built a stablecoin settlement program spanning networks including Base and Polygon, launched a platform to help banks and fintech firms issue and move stablecoins, and moved into onchain lending tied to its cards. Dan Roesbery, a Visa vice president for crypto partnerships, described USDPT support as giving partners "another trusted, institution-grade option" for settling with Visa.
Anchorage issues a roster of 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 Atlas counterparty settlement network 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, custodying tokens on both sides of the remittance route.