Bybit has integrated Western Union’s USDPT stablecoin through its fiat channels, becoming the first major crypto exchange to join the USDPT network. The service gives eligible users in selected Latin American markets access to buy and sell USDPT through Bybit’s One-Click Buy feature.
Bybit has integrated Western Union’s USDPT stablecoin through its fiat channels, marking a new link between crypto trading platforms and traditional money transfer networks. The launch gives eligible users in selected Latin American markets access to USDPT through Bybit’s One-Click Buy feature.
USDPT is a US dollar-denominated stablecoin issued by Anchorage Digital Bank, N.A. on the Solana blockchain. Western Union says the token is redeemable 1:1 for US dollars and backed by reserves.
Bybit Joins Western Union’s USDPT Network
Eligible users can log into Bybit, select USDPT, and use One-Click Buy where the token is available to their account. The company said that the setup gives users a direct channel between local currency and digital dollar settlement.
Western Union brings its payment network, compliance systems, and distribution reach to the launch. Meanwhile, Bybit brings fiat liquidity, exchange access, and a large user base. The companies said the integration creates a faster route for buying and selling USDPT in local currencies.
USDPT operates on Solana, a blockchain often used for fast settlement. Anchorage Digital Bank, a US national trust bank, issues the token.
Companies Point to Faster Settlement
The companies said the new channel can reduce the time needed for USDPT purchases and fiat off-ramps from days to minutes. This change targets cross-border payments, where settlement often depends on banking hours and multiple intermediaries.
Western Union launched USDPT as part of its wider digital asset strategy. The company said the token creates a layer that can operate beside legacy settlement networks, which usually function only on business days. However, the launch keeps access limited to eligible users and supported markets.
“Making USDPT available through a leading global exchange like Bybit is a meaningful step in extending Western Union’s network into the digital asset ecosystem,” said Malcolm Clarke, Head of Digital Assets at Western Union. “By connecting our global payout infrastructure with a major crypto platform, we’re enabling more seamless movement between digital value and real-world money.”
Clarke added, “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.”
Latin America Becomes the First Focus
Bybit and Western Union are starting the USDPT rollout in selected Latin American markets. The region remains an important market for remittances, local currency access, and digital payment tools. Additionally, the launch gives users another option for moving between fiat currency and stablecoins.
Victoria Kilikyan, Deputy Head of Fiat at Bybit, said, “This product marks a meaningful step for crypto adoption. When an established financial institution joins forces with a leading crypto exchange in a new stablecoin network, it shows crypto’s potential as payment infrastructure.”
She added, “For the millions who depend on remittances, USDPT represents financial innovation that solves real problems for real people.” The firm said the product supports faster delivery of funds and lower overall costs for senders through the new channel.
Patricio Mesri, Country Manager of Spanish-speaking Latin America at Bybit, said, “Bybit and Western Union are setting a new standard for real-world crypto adoption in Latin America. We’re building infrastructure for the future of the digital economy by working with an established global network that millions of people already trust.”
Notably, USDPT is not issued, backed, approved, or guaranteed by the US government. Bybit also states that it provides a virtual asset trading platform and does not offer remittance, foreign exchange, cash, or money transfer services.
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