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Bybit Becomes First Major Exchange to Support Western Union's USDPT Stablecoin

2026-06-04 17:42:54

SOL-5.92%

Crypto exchange Bybit has added support for Western Union's USDPT stablecoin, marking the first time a major cryptocurrency trading platform has listed the payments company's digital dollar. According to Bybit, USDPT is now available for holding, trading, and transfers on the platform. Western Union issued USDPT in May as a US dollar-pegged stablecoin backed by reserves at Anchorage Digital Bank, initially launching on Solana. The listing expands USDPT's reach beyond Western Union's payments infrastructure into crypto market liquidity and gives Bybit users an additional dollar-denominated stablecoin option in a market where dollar-pegged tokens now total nearly $320 billion in value.

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