How to buy U.S. Dollar Payment Token (USDPT)

How to buy and use U.S. Dollar Payment Token (USDPT)

U.S. Dollar Payment Token (USDPT) is an asset-backed stablecoin on the Solana blockchain. It is issued by Anchorage Digital Bank, N.A.

The token is integrated into the Western Union Digital Asset Network. This integration allows users to cash out at Western Union locations worldwide and use a Visa-enabled spending app. In select markets, it also supports 24/7 money transfer receipts. Western Union does not issue, custody, or provide exchange services for USDPT.

Where USDPT is available

USDPT is available on the following exchanges:

• Kraken (USDPT/USDC)
• Gate (USDPT/USDT)

Deposit and withdrawal support for these routes is not verified. KYC requirements and available account features vary by country.

Network and redemption caveats

USDPT operates on the Solana network. The verified contract address is HVWf8JmLoHs99Lw8Psf3fyqAtA4crWxCPkrmSdNjhNH3.

Users should verify the contract address through official sources before any transfer. Using a lookalike address or the wrong network can result in a permanent loss of funds. The token is redeemable 1:1 for USD.

Custody, depeg, and issuer risks

USDPT is issued by Anchorage Digital Bank, N.A., which is a national trust bank regulated by the OCC. The reserves for the token are held in a combination of FDIC-insured U.S. bank accounts and the BlackRock Select Treasury Based Liquidity Fund (TFEXX).

Stablecoins carry inherent risks. A depeg can occur if the issuer cannot maintain the 1:1 reserve ratio or if the underlying assets lose value. While Western Union uses the token for its payment network, it does not act as the custodian or issuer.

Sources and methodology

Our buying routes come only from verified market-pair rows in our database. We use web research and CoinMarketCap news for background and risk context. Information extracted from CoinMarketCap pages is considered low-confidence. Live market values are omitted because they change frequently.