Western Union's USDPT Stablecoin Goes Live on Bybit

Bybit, a leading cryptocurrency exchange, has announced a major partnership with Western Union to integrate its USDPT stablecoin into Bybit's fiat gateway services. The integration enables users to purchase and sell USDPT through Bybit's One-Click Buy feature, providing an immediate fiat-to-stablecoin pathway.

The USDPT stablecoin is built on Solana's blockchain infrastructure and maintains a direct 1:1 peg to the United States dollar. It is issued by Anchorage Digital Bank, N.A., which also maintains the reserve assets supporting each token.

Bybit contributes its trading infrastructure, fiat liquidity pools, and extensive customer network to the partnership, while Western Union supplies its established payment channels, regulatory compliance framework, and decades of settlement expertise.