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Visa Adds Western Union Stablecoin USDPT to Its Settlement Network via Anchorage
(3 hours ago) · 1 source · Summarized by CryptoBipto
Visa has integrated Western Union's USDPT stablecoin into its settlement network through a partnership with Anchorage Digital. The move allows Visa to use USDPT for settling transactions between participating financial institutions on its network.
WHY IT MATTERS
A stablecoin is a type of cryptocurrency designed to maintain a steady value, usually pegged to a traditional currency like the US dollar.
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SOURCES
- theblock.co
RELATED
StablecoinsVisaWestern UnionInstitutional AdoptionPayment Infrastructure
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.
- How are institutions and regulators approaching crypto?What institutional adoption means in crypto, how spot ETFs and corporate treasury holdings work, and how regulation shapes what is available to ordinary users.