Home Bybit Lists Western Union’s USDPT Stablecoin Amid Payment Push

Bybit Lists Western Union’s USDPT Stablecoin Amid Payment Push

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Bybit Lists Western Union’s USDPT Stablecoin Amid Payment Push
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Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time.

The companies announced that USDPT, Western Union’s US dollar-pegged stablecoin, is now available on Bybit for holding, trading and transfers.

The integration expands USDPT beyond payments and into crypto trading while increasing the range of dollar-denominated stablecoins available to Bybit users. Bybit said it is the first major cryptocurrency exchange to support USDPT.

Western Union launched USDPT in May as part of its broader digital asset strategy. The stablecoin is issued by Western Union Digital and backed by reserves held at Anchorage Digital Bank. USDPT initially launched on the Solana blockchain.

Stablecoins remain one of the fastest-growing segments of the digital asset market despite broader weakness in crypto prices. According to DeFiLlama, the total value of dollar-pegged stablecoins has climbed to nearly $320 billion.

 

Stay informed with the latest trends in Web3, blockchain innovation, and cybersecurity updates at 3verseTV

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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