Integration marks the first major crypto exchange to support Western Union’s dollar-pegged stablecoin in key remittance markets.
Bybit has integrated Western Union’s USDPT stablecoin, enabling users in Latin America to trade the digital asset via fiat channels. The move provides the first large-scale exchange on-ramp for USDPT, a U.S. dollar-denominated stablecoin issued on the Solana blockchain and backed by reserves including Treasury bills and cash equivalents.
Western Union, which operates a cross-border payments network spanning over 200 countries, aims to leverage USDPT to offer 24/7 settlement alongside traditional banking-hour-dependent rails. The stablecoin is redeemable 1:1 for dollars and targets corridors where remittances are critical.
Bybit, with a reported user base exceeding 80 million, will allow purchases and sales of USDPT using supported local currencies. The companies frame the integration as a faster bridge between stablecoin holdings and real-world money flows.