Anchorage Digital Financial institution has submitted a remark letter to the Workplace of the Comptroller of the Foreign money as U.S. regulators transfer ahead with guidelines for stablecoin issuance underneath the $GENIUS Act. The letter comes as Anchorage prepares to assist Western Union’s deliberate U.S. Greenback Fee Token, or USDPT, underneath a federally regulated issuance mannequin.
The OCC proposed guidelines for cost stablecoin issuers earlier this 12 months, protecting establishments underneath its supervision. The company stated the proposal addresses rules required underneath the $GENIUS Act, besides separate guidelines tied to Financial institution Secrecy Act and sanctions compliance.
Anchorage is positioning itself as a regulated stablecoin issuer for main monetary and crypto manufacturers. The corporate’s $GENIUS Act letter factors to its financial institution constitution and its position in issuing stablecoins for companions because the market waits for ultimate U.S. implementation guidelines.
Western Union Plans USDPT on Solana
Western Union introduced in October 2025 that it deliberate to launch USDPT on Solana, with Anchorage Digital Financial institution serving as issuer. The corporate stated USDPT would assist clients, brokers, companions, and treasury operations, whereas its Digital Asset Community would join digital belongings with fiat entry.
The ticker issues. Some latest references confirmed UDSPT, however Western Union’s official announcement names the token USDPT, brief for U.S. Greenback Fee Token. That’s the safer model to make use of until Anchorage’s newest letter clearly states in any other case.
Western Union anticipated USDPT to develop into out there within the first half of 2026. More moderen reporting stated CEO Devin McGranahan advised buyers the corporate deliberate a Might launch, with the primary part targeted on settlement between Western Union and brokers in chosen corridors, reasonably than a broad retail rollout.
$GENIUS Act Guidelines Form Stablecoin Issuers
The $GENIUS Act offers federal regulators a framework for cost stablecoins within the U.S. For Anchorage, the rulemaking course of might outline how federally supervised stablecoin issuers handle reserves, redemption, custody, threat controls, and reporting.
The OCC’s proposal additionally issues as a result of stablecoin issuance now sits nearer to the banking system. The company supervises 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 corporations are attempting to safe their place earlier than the ultimate guidelines take impact. In the meantime, Western Union’s USDPT plan exhibits how conventional funds corporations are testing stablecoins for cross-border settlement and digital asset entry.
