USDPT is available for trading!
Kraken has listed USDPT, a USD-backed stablecoin issued by Anchorage Digital Bank on the Solana blockchain, enabling near real-time settlements and global value transfers.
Kraken has added USDPT to its trading platform, allowing users to deposit and trade the stablecoin. Deposits must be made via supported networks to avoid loss. USDPT is issued by Anchorage Digital Bank, a federally chartered crypto bank, and operates on the Solana blockchain. The stablecoin is backed by U.S. dollars and designed for enterprise-grade payments and global transfers.
USDPT is issued by Western Union’s USD-backed stablecoin, leveraging the company’s network of nearly 500,000 retail locations across 200+ countries. It enables near real-time settlements and reduces funding cycles from days to seconds. The stablecoin also serves as the native settlement asset for Western Union’s self-custodial Visa card, supporting 24/7 digital spending and money movement.
Western Union’s Digital Asset Network (DAN) integrates USDPT with the digital asset ecosystem, offering fiat on-ramp and off-ramp services through retail locations. This bridges traditional finance and digital assets, providing global reach to crypto users. USDPT is positioned to power cross-border remittances, treasury optimization, and institutional settlement for Western Union and its partners.
Kraken does not disclose future listings in advance, including tokens under consideration. All available tokens are listed on Kraken’s platform, and updates are shared via the Listings Roadmap and social media. Kraken’s client engagement team cannot provide details on potential future listings. Stablecoins carry no guarantee of maintaining a stable value or reserve adequacy for redemptions.