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Bybit integrates Western Union's USDPT stablecoin
05 June 2026 UAE
Image: akif/adobe.stock.com
Bybit, a cryptocurrency exchange, and Western Union, a global money transfer network, have announced that its users can now access USDPT, a US-dollar–denominated stablecoin issued by Anchorage Digital Bank, on the Solana blockchain, via Bybit's fiat channels.
Issued by Anchorage Digital Bank, a US national trust bank, USDPT, is designed to operate within real-world payment systems, combining blockchain-based settlement with Western Union's global compliance, risk and distribution capabilities.
USDPT is redeemable 1:1 for US dollars, and is fully backed by reserves.
Using Bybit’s exchange platform, fiat liquidity, and access to users, and Western Union’s stablecoin, institutional backing, and established financial network, the two firms are opening a new way to buy and sell USDPT in local currencies.
Malcolm Clarke, head of digital assets, Western Union, notes: “By connecting our global payout infrastructure with a major crypto platform, we're enabling more seamless movement between digital value and real-world money.
“This is where we see the future of settlement heading: always-on, programmable, and integrated across both traditional and digital financial systems, with USDPT at the center as a trusted, regulated settlement asset.”
Victoria Kilikyan, deputy head of Fiat at Bybit, says: For the millions who depend on remittances, USDPT represents financial innovation that solves real problems for real people.”
Patricio Mesri, country manager of Spanish-speaking Latin America, Bybit., adds: "We're building infrastructure for the future of the digital economy by working with an established global network that millions of people already trust.”
Issued by Anchorage Digital Bank, a US national trust bank, USDPT, is designed to operate within real-world payment systems, combining blockchain-based settlement with Western Union's global compliance, risk and distribution capabilities.
USDPT is redeemable 1:1 for US dollars, and is fully backed by reserves.
Using Bybit’s exchange platform, fiat liquidity, and access to users, and Western Union’s stablecoin, institutional backing, and established financial network, the two firms are opening a new way to buy and sell USDPT in local currencies.
Malcolm Clarke, head of digital assets, Western Union, notes: “By connecting our global payout infrastructure with a major crypto platform, we're enabling more seamless movement between digital value and real-world money.
“This is where we see the future of settlement heading: always-on, programmable, and integrated across both traditional and digital financial systems, with USDPT at the center as a trusted, regulated settlement asset.”
Victoria Kilikyan, deputy head of Fiat at Bybit, says: For the millions who depend on remittances, USDPT represents financial innovation that solves real problems for real people.”
Patricio Mesri, country manager of Spanish-speaking Latin America, Bybit., adds: "We're building infrastructure for the future of the digital economy by working with an established global network that millions of people already trust.”
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