Bybit joins Western Union’s new USDPT network as stablecoin expands distribution

Written by Sam Bourgistaff writerReviewed by Robert Lakinstaff editorWritten by Sam Bourgistaff writerReviewed by Robert Lakinstaff editorBybit joins Western Union’s new USDPT network as stablecoin expands distributionLatest NewsPublishedJun 4, 2026The exchange integration gives Western Union’s dollar-pegged token access to crypto market liquidity as payment providers accelerate their adoption of stablecoins. 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 on Thursday 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.Source: Western UnionWestern 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.Originally founded in 1851 as a telegraph company, Western Union has said the stablecoin is designed to align with the framework outlined in the US GENIUS Act, the federal legislation that established regulatory standards for payment stablecoins. Related: Why stablecoins and SWIFT may have to coexistPayment giants deepen stablecoin pushStablecoins 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.Western Union joins a growing list of financial institutions and payments companies entering the stablecoin market.Earlier this month, global payment service MoneyGram launched its own U…

Bybit joins Western Union’s new USDPT network as stablecoin expands distribution

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