Bybit Becomes First Major Crypto Exchange to Integrate Western Union’s USDPT Stablecoin, Bridging Two Financial Worlds Through One Stablecoin

Key Terms

stablecoin financial

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

solana technical

Solana is a blockchain platform and its native digital token (SOL) that records and secures fast, low-cost transactions and runs apps without a central company—think of it as a public, high-speed ledger that handles lots of small tasks quickly. Investors care about Solana because the token’s price tends to reflect how much the network is used, how reliable and secure it is, and shifts in broader crypto markets and regulation, so outages, adoption or rule changes can move its value.

blockchain technical

A blockchain is a digital record-keeping system that securely stores information across many computers, making it difficult to alter or tamper with. Think of it like a shared, unchangeable ledger that everyone can see and verify, ensuring transparency and trust. For investors, this technology offers a way to securely track transactions and assets without relying on a central authority, potentially reducing costs and increasing security.

fiat currencies financial

Money issued by a government and accepted as legal tender even though it has no intrinsic value of its own; its value comes from public trust and government backing, not from being tied to a physical commodity like gold. For investors, fiat currency matters because central bank actions, inflation and exchange-rate swings change purchasing power and affect asset prices, returns and cross-border investments much like changes in the rules of a game change players’ strategies.

remittances financial

Remittances are money sent by individuals to family members or others in their home country, often to support living expenses or important needs. They are a significant source of income for many households and can influence economic stability in the receiving regions. For investors, remittances can signal economic health and influence currency values and financial stability in countries heavily reliant on these transfers.

on- and off-ramp technical

On- and off-ramps are the ways money or assets move into and out of a market or financial product — for example turning cash into a digital asset (on-ramp) or converting holdings back into cash (off-ramp). Think of them as highway entrance and exit ramps: smooth, fast ramps make it easier for investors to enter, exit, or move funds, while slow or costly ramps can reduce trading activity, affect liquidity, and change investment value.

settlement financial

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

digital asset ecosystem technical

A digital asset ecosystem is the network of technologies, platforms and services that create, trade, store and regulate electronic financial assets such as cryptocurrencies and tokenized securities. Think of it as a town: you have marketplaces (exchanges), safes (wallets and custody), roads and pipes (blockchain protocols and infrastructure) and rule-makers (regulators). Investors care because the health, security and rules of this network determine an asset’s liquidity, value stability and legal risk.

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DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and Western Union, the global money transfer network, today 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.

Bybit has been building the crypto infrastructure to address real-world financial services gaps since 2018. USDPT, built on Solana and issued by Anchorage Digital Bank, is where those two trajectories meet.

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.

“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. 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.”

“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. For the millions who depend on remittances, USDPT represents financial innovation that solves real problems for real people,” said Victoria Kilikyan, Deputy Head of Fiat at Bybit.

"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," said Patricio Mesri, Country Manager of Spanish-speaking Latin America at Bybit.

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

Disclaimer: 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.

#Bybit / #NewFinancialPlatform

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

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About Western Union

The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

WU-G

View source version on businesswire.com: https://www.businesswire.com/news/home/20260604080127/en/

Media Relations: media@westernunion.com

Source: The Western Union Company