Anchorage Digital Financial institution Submitted Remark letter to the Workplace of the Comptroller of the Forex as U.S. regulators advance guidelines for stablecoin issuance below the regulation. $genius Actions. The letter comes as Anchorage prepares to help Western Union’s deliberate USD Fee Token (USDPT) below a federally regulated issuance mannequin.
Earlier this 12 months, the OCC proposed guidelines for fee stablecoin issuers that may cowl establishments below its supervision. The company mentioned the proposal addresses the rules required below. $genius Adjust to the Financial institution Secrecy Act and different rules associated to sanctions compliance.
Anchorage positions itself as a regulated stablecoin issuer for main monetary and crypto manufacturers. of the corporate $genius The authorized letter factors to the financial institution’s constitution and the financial institution’s function in issuing stablecoins to companions because the market awaits the ultimate US enforcement rules.
Western Union plans USDPT in Solana
western union introduced In October 2025 I used to be planning to launch USDPT on Solana.Anchorage Digital Financial institution acts because the issuer. The corporate mentioned USDPT will help clients, brokers, companions and treasury operations, whereas the Digital Asset Community will join digital belongings with fiat entry.
Tickers are vital. Though some current references checklist it as UDSPT, Western Union’s official announcement names the token USDPT (quick for US Greenback Fee Token). It’s safer to make use of this except the newest Anchorage letter clearly states in any other case.
Western Union had anticipated USDPT to be accessible within the first half of 2026. In line with current studies, CEO Devin McGranahan informed buyers that the corporate plans to launch in Might and that the primary part will deal with funds between Western Union and brokers in chosen aisles, slightly than a broader retail rollout.
$genius Authorized guidelines form stablecoin issuers
of $genius The regulation offers federal regulators a framework for stablecoin funds within the U.S. For Anchorage, the rulemaking course of might outline how federally supervised stablecoin issuers handle reserves, redemptions, custody, danger administration, and reporting.
The OCC’s proposal can also be vital as a result of stablecoin issuance is now nearer to the banking system. The company oversees nationwide banks and federal financial savings associations, and its guidelines will form how bank-regulated issuers function within the stablecoin market.
Anchorage’s letter exhibits how regulated crypto firms try to safe their place earlier than the ultimate rule goes into impact. In the meantime, Western Union’s USDPT plan exhibits how conventional funds firms are testing stablecoins for cross-border funds and entry to digital belongings.
