Bybit joins Western Union’s new USDPT network as stablecoin expands distribution
The exchange integration gives Western Union’s dollar-pegged token access to crypto market liquidity as payment providers accelerate their adoption of stablecoins.
Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time.
The companies announced on Thursday that USDPT, Western Union’s US dollar-pegged stablecoin, is now available on Bybit for holding, trading and transfers. The integration expands USDPT beyond payments and into crypto trading while increasing the range of dollar-denominated stablecoins available to Bybit users.
Bybit said it is the first major cryptocurrency exchange to support USDPT.