Bybit lists Western Union USDPT stablecoin for trading

The cryptocurrency exchange Bybit has added support for Western Union's USDPT stablecoin, marking the first time the payments company's digital dollar has been listed on a major crypto trading platform. The integration, announced Thursday, allows users to hold, trade, and transfer the dollar-pegged token.

The partnership also establishes a direct fiat currency pathway for the stablecoin in selected Latin American markets. Eligible users can buy and sell USDPT through Bybit's One-Click Buy service using local currencies, creating a bridge between traditional money transfer networks and digital asset trading.

Western Union originally launched USDPT in May through its digital asset division. The stablecoin is issued by Anchorage Digital Bank, which holds the reserves backing the token, and was initially launched on the Solana blockchain. The company has stated the token was designed to comply with the regulatory framework established under the U.S. GENIUS Act for payment-focused stablecoins.

Malcolm Clarke, Head of Digital Assets at Western Union, said the Bybit listing extends the company's network into the digital asset ecosystem. He added that the development aligns with the...