{"id":30804,"date":"2026-06-04T20:47:22","date_gmt":"2026-06-04T20:47:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bybit-launches-support-for-western-unions-usdpt-stablecoin\/"},"modified":"2026-06-04T20:47:32","modified_gmt":"2026-06-04T20:47:32","slug":"bybit-launches-support-for-western-unions-usdpt-stablecoin","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bybit-launches-support-for-western-unions-usdpt-stablecoin\/","title":{"rendered":"Bybit launches support for Western Union\u2019s USDPT stablecoin"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bybit has added support for Western Union\u2019s USDPT stablecoin, becoming the first major cryptocurrency exchange to list the dollar-pegged token for trading, transfers, and custody.<\/p>\n<div id=\"cn-block-summary-block_8f366350dbf344094dcff5a933903e8d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bybit has listed Western Union\u2019s USDPT stablecoin for trading, transfers, and custody.<\/li>\n<li>USDPT launched in May on Solana and is backed by reserves held at Anchorage Digital Bank.<\/li>\n<li>The listing comes as stablecoin adoption grows across payments and financial services.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to an announcement released on Thursday, users can now hold, transfer, and trade USDPT on Bybit. The integration gives Western Union\u2019s newly launched stablecoin access to one of the crypto industry\u2019s largest trading venues while adding another dollar-backed asset to Bybit\u2019s stablecoin offering.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today we launch Western Union\u2019s <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/USDPT_?ref_src=twsrc%5Etfw\">@USDPT_<\/a> across <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Bybit_Official?ref_src=twsrc%5Etfw\">@Bybit_Official<\/a>&#8216;s fiat channels in Latin America, with a clear path to expand globally. To learn more, read the following article: <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/z05omclduV\">https:\/\/t.co\/z05omclduV<\/a> <\/p>\n<p>Follow more updates about Western Union&#8217;s USDPT, follow <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/USDPT_?ref_src=twsrc%5Etfw\">@USDPT_<\/a> <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ibpwoBLgzm\">pic.twitter.com\/ibpwoBLgzm<\/a><\/p>\n<p>\u2014 Western Union (@WesternUnion) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/WesternUnion\/status\/2062535723794698740?ref_src=twsrc%5Etfw\">June 4, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Malcolm Clarke, Head of Digital Assets at Western Union, said the Bybit listing extends the company\u2019s network into the digital asset ecosystem and strengthens connections between its global payout infrastructure and crypto markets.<\/p>\n<p>Clarke added that the development aligns with the company\u2019s long-term view of digital payments, stating:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis 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.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Western Union introduced USDPT in May through its digital asset division, Western Union Digital. The token is backed by reserves held at Anchorage Digital Bank and was initially launched on the Solana blockchain per an earlier report by crypto.news.<\/p>\n<p>The company said USDPT was designed to comply with the framework established under the U.S. GENIUS Act, which set regulatory standards for payment-focused stablecoins.<\/p>\n<p>Coming only weeks after Bybit launched a perpetual contract linked to SpaceX, the exchange continues to expand the range of products available on its platform.<\/p>\n<p>Earlier in May, Bybit introduced the SPCXUSDT perpetual contract, which offers traders exposure to SpaceX ahead of the aerospace company\u2019s expected public listing. According to Bybit, the contract supports leverage of up to 10x and remains available for trading around the clock without an expiry date.<\/p>\n<h2 class=\"wp-block-heading\">Stablecoin adoption expands among payment firms<\/h2>\n<p>Activity in the stablecoin sector has continued to increase even as cryptocurrency prices remain under pressure. Data from DeFiLlama shows that the combined value of dollar-pegged stablecoins has risen to nearly $320 billion.<\/p>\n<p>Western Union is one of several payment companies that have recently entered the market. Earlier this month, MoneyGram launched its own dollar-backed stablecoin, MGUSD, on the Stellar network. The company said the token forms part of its efforts to support blockchain-based payments and cross-border money transfers.<\/p>\n<p>At the same time, traditional card networks have been increasing their involvement in regulated stablecoin settlement. Mastercard announced on Wednesday that it was expanding support for stablecoins, including USD Coin, PayPal USD, and Ripple USD.<\/p>\n<p>According to Mastercard, the initiative will allow certain issuers and acquirers to settle card transactions using regulated stablecoins.<\/p>\n<p>Meanwhile, rival payments company Visa Inc. reported in April that its stablecoin settlement pilot had reached a $7 billion annualized transaction run rate, highlighting growing use of blockchain-based payment infrastructure.<\/p>\n<h2 class=\"wp-block-heading\">Policymakers continue evaluating stablecoin payments<\/h2>\n<p>Interest in stablecoins has also attracted attention from regulators and international institutions assessing new payment technologies.<\/p>\n<p>The World Bank has previously noted that conventional remittance systems can be expensive and may limit financial access in developing markets. According to the institution, digital payment solutions, including stablecoin-based transfers, could help reduce costs and improve efficiency in cross-border transactions.<\/p>\n<p>As payment providers continue introducing their own digital dollars, the listing of USDPT on Bybit brings Western Union\u2019s stablecoin into crypto trading markets only weeks after its launch, giving users another regulated dollar-backed option on the exchange.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bybit has added support for Western Union\u2019s USDPT stablecoin, becoming the first major cryptocurrency exchange to list the dollar-pegged token for trading, transfers, and custody. Summary Bybit has listed Western&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=30804"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30804\/revisions"}],"predecessor-version":[{"id":30806,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/30804\/revisions\/30806"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30805"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=30804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=30804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=30804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}