Bybit Lists Western Union USDPT for Trading, Transfers

Bybit has listed Western Union’s USDPT stablecoin, enabling users to trade, transfer, and hold USDPT on the exchange. The goal is to expand USDPT access to a major crypto liquidity venue via Bybit’s fiat channels. USDPT launched in May on Solana. It is backed by reserves held at Anchorage Digital Bank and designed to align with the U.S. GENIUS Act framework for regulated payment stablecoins. Western Union frames the listing as a way to connect its global payouts infrastructure with crypto settlement. The update lands as dollar-pegged stablecoins keep growing despite weaker overall crypto prices (DeFiLlama cited: nearly $320B). Other payment-focused stablecoins include MoneyGram’s MGUSD on Stellar, while card networks such as Mastercard and Visa continue stablecoin settlement pilots (alongside broader regulated stablecoin support like USDC, PYUSD, and Ripple USD). For traders, this is mainly an accessibility/liquidity change: USDPT gains another regulated on-exchange ramp for buying and transferring, which may improve USDPT liquidity and cross-border convenience. It is unlikely to directly move BTC or ETH on its own and is best treated as a second-order effect tied to stablecoin flows.