Treat

Stablecoin

Union

Falcon Finance

<p>Cryptopolitan and Bitcoin.com News both report Visa's USDPT settlement tie-up with Western Union via Anchorage, but cite different figures for Visa's September stablecoin settlement run rate and its year-over-year growth multiple.</p>
<div class="ag-dispute">
 <p>Cryptopolitan and Bitcoin.com News both report Visa's USDPT settlement tie-up with Western Union via Anchorage, but cite different figures for Visa's September stablecoin settlement run rate and its year-over-year growth multiple.</p>
 <h2 id="what-all-sources-agree-on">What all sources agree on</h2>
 <ul>
  <li>Visa and eligible partners can now settle VisaNet obligations in USDPT, Western Union's dollar stablecoin.</li>
  <li>USDPT is the first stablecoin issued by Anchorage Digital Bank to become a native settlement asset on Visa's network.</li>
  <li>Visa and Anchorage established a framework to explore/evaluate adding more Anchorage-issued stablecoins in the future.</li>
  <li>Anchorage Digital Bank N.A. is a federally chartered crypto bank overseen by the Office of the Comptroller of the Currency.</li>
  <li>Nathan McCauley, co-founder and CEO of Anchorage, said: "Stablecoins have made money move faster, but speed alone won't bring institutions onchain. They need a regulated institution behind the money."</li>
  <li>Dan Roesbery, Visa's vice president of global crypto partnerships and GTM/go-to-market, said USDPT gives partners 'another trusted, institution-grade option backed by a federally chartered bank.'</li>
  <li>Anchorage's issuance roster also includes USAT for Tether, USDGO for OSL Group, USDtb for Ethena Labs, fUSD for Falcon Finance and ZLUSD for Zelle.</li>
  <li>Anchorage operates Atlas, a counterparty network for off-exchange settlement, collateral management and cross-border transfers.</li>
 </ul>
 <h2 id="where-the-reports-disagree">Where the reports disagree</h2>
 <div class="ag-dispute__point">
  <h3 id="span-1-span-visa-s-annualized-stablecoin-settlement-run-rate-as-of-september"><span>1</span>Visa's annualized stablecoin settlement run rate as of September</h3>
  <blockquote class="ag-dispute__pos">
   <p>Visa said in September that its annualized stablecoin settlement run rate topped $20 billion, up more than 15-fold from a year ago.</p>
   <p><cite><a href="https://www.cryptopolitan.com/visa-partners-settle-western-union-usdpt/" rel="noopener noreferrer nofollow">Cryptopolitan</a> 2026-11-12 21:32</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>As of September, Visa reported an annualized stablecoin settlement run rate of $25 billion and more than 225 active stablecoin-linked card programs globally.</p>
   <p><cite><a href="https://news.bitcoin.com/finance/visa-western-union-usdpt-stablecoin-settlement-anchorage/" rel="noopener noreferrer nofollow">Bitcoin.com News</a> 2026-11-13 00:55</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> Visa's own public statement or investor disclosure stating its September stablecoin settlement run rate.</p>
 </div>
 <div class="ag-dispute__point">
  <h3 id="span-2-span-year-over-year-growth-multiple-of-visa-s-stablecoin-settlement-run-rate"><span>2</span>Year-over-year growth multiple of Visa's stablecoin settlement run rate</h3>
  <blockquote class="ag-dispute__pos">
   <p>Visa's annualized stablecoin settlement run rate topped $20 billion as of September, up more than 15-fold from a year ago.</p>
   <p><cite><a href="https://www.cryptopolitan.com/visa-partners-settle-western-union-usdpt/" rel="noopener noreferrer nofollow">Cryptopolitan</a> 2026-11-12 21:32</cite></p>
  </blockquote>
  <blockquote class="ag-dispute__pos">
   <p>Visa's stablecoin settlement run rate jumped 10x to $25 billion annually alongside 225+ card programs.</p>
   <p><cite><a href="https://news.bitcoin.com/finance/visa-western-union-usdpt-stablecoin-settlement-anchorage/" rel="noopener noreferrer nofollow">Bitcoin.com News</a> 2026-11-13 00:55</cite></p>
  </blockquote>
  <p><b>What would settle it:</b> Visa's own public statement or investor disclosure stating the year-over-year growth figure for its stablecoin settlement run rate.</p>
 </div>
 <h2 id="what-to-make-of-it">What to make of it</h2>
 <p>Treat the core partnership details—USDPT becoming a native Visa settlement asset via Anchorage, and the quoted statements from McCauley and Roesbery—as established. Do not cite a specific figure for Visa's September stablecoin settlement run rate or its growth multiple until Visa's own disclosure is checked, since the two reports give different numbers for the same metric.</p>
</div>
<p>Treat the core partnership details—USDPT becoming a native Visa settlement asset via Anchorage, and the quoted statements from McCauley and Roesbery—as established. Do not cite a specific figure for Visa's September stablecoin settlement run rate or its growth multiple until Visa's own disclosure is checked, since the two reports give different numbers for the same metric.</p>
<p>Originally reported by <a href="https://altcoingordon.com/visa-stablecoin-settlement-run-rate-20b-25b/" rel="noopener noreferrer nofollow">AltcoinGordon</a>, written by Olivia Hayes. Republished with permission.</p>
<p><a href="https://altcoingordon.com/visa-stablecoin-settlement-run-rate-20b-25b/" rel="noopener noreferrer nofollow">View the original on AltcoinGordon →</a></p>
<p>The post <a href="https://thecoinrise.com/visa-stablecoin-settlement-run-rate-20b-or-25b/" rel="noopener noreferrer nofollow">Visa Stablecoin Settlement Run Rate: $20B or $25B?</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.</p>

Visa Stablecoin Settlement Run Rate: $20B or $25B?

Table of Contents

TheCoinrise Media

Other articles published on Nov 13, 2026

Join our free newsletter for daily crypto updates!