Bybit and Western Union announced that its users can now access USDPT, a US dollar?denominated stablecoin issued by Anchorage Digital Bank, N.A. on the Solana blockchain, via Bybit's fiat channels. This integration makes Bybit the first major crypto exchange to join Western Union?s global USDPT network. Through this launch, Bybit and Western Union are building the foundations for a deeper, faster, and compliant integration of digital assets into the broader financial system.
Starting with the onboarding of USDPT, Bybit and Western Union will expand on digital asset utility and towards a more inclusive vision for the future of finance. USDPT is issued by Anchorage Digital Bank, N.A., a US national trust bank. USDPT is redeemable 1:1 for US dollars, and is fully backed by reserves.
USDPT is designed to operate within real-world payment systems, combining blockchain-based settlement with Western Union?s global compliance, risk and distribution capabilities. Bybit brings the exchange platform, fiat liquidity, and access to millions of users. Western Union brings the stablecoin, the institutional backing, and one of the world's most established financial networks.
Together, they open up a new way to buy and sell USDPT in local currencies. In practice, that means a new on- and off-ramp channel for USDPT in selected markets across Latin America. Users can buy USDPT with supported fiat currencies on Bybit, or convert holdings back to any of those currencies at any time.
USDPT is now available on Bybit. To transact with USDPT, eligible users may simply log into Bybit and select the token, if available to their account, and buy or sell through Bybit One-Click Buy. The simple flow slashes the time needed from USDPT purchase to fiat off-ramp from days to minutes.
Through the new channel, senders benefit from faster delivery of funds and lower overall costs. For Western Union and Bybit, it streamlines operations by removing settlement friction and capital lock-up across multiple layers. USDPT was launched as part of Western Union's broader digital asset strategy.
The innovation creates a new layer parallel to legacy settlement networks that operate only on business days, enabling around-the-clock settlement. Terms and conditions apply. For details on eligibility and potential restrictions, and to learn more about how to trade USDPT on Bybit, users may visit: Bybit and Western Union bring USDPT to Latin America.
USDPT is a digital asset issued by Anchorage Digital Bank, N.A. USDPT is not issued, backed, approved, or guaranteed by the US government. Bybit does not issue, back, or guarantee USDPT. Bybit provides only a virtual asset trading platform and does not provide any remittance, foreign-exchange, cash, or money transfer services.
