How to purchase USDPT and withdraw in LATAM via Bybit x Western Union
Cross-border remittances into Latin America have historically been constrained by correspondent banking inefficiencies, unpredictable fee structures and limited operating hours. Bybit's partnership with Western Union is aimed at solving the status quo through USDPT — a regulated, USD-backed stablecoin that acts as the settlement layer for real-world payouts across the region. Issued by California-based Anchorage Digital Bank, USDPT was launched on Solana (SOL) in early May 2026. With its massive worldwide payments network, Western Union acts as the primary integrator of the stablecoin into the traditional banking system.
USDPT’s introduction within the Bybit ecosystem means much more than just another asset listing. It positions the stablecoin as a functional bridge between on-chain liquidity and local currency access across six major LATAM markets, operating 24/7 without the batch-settlement delays of legacy systems. For anyone in LATAM sending value across borders on a regular basis, USDPT is the difference between a dependable financial tool and an expensive workaround with unpredictable settlement windows.
Key takeaways
USDPT is a USD-backed stablecoin issued by Anchorage Digital Bank on the Solana blockchain, available to purchase on Bybit and convertible to local LATAM currencies via One-Click Buy.
This is the first direct integration between a major crypto exchange and Western Union's global payout infrastructure, enabling near-instant, always-on settlement from crypto to cash.
USDPT offers institutional-grade security and reliability, as it is issued by Anchorage Digital Bank under strict U.S. regulatory oversight, distinguishing it from unregulated stablecoins.
Introducing USDPT
USDPT is Western Union's USD-denominated payment stablecoin, issued by Anchorage Digital Bank — the first federally chartered crypto bank in the United States — and built on Solana's high-throughput blockchain network. Every USDPT token is fully backed by US dollars and is pegged to the greenback. The stablecoin holds parity with the dollar by design, making it a reliable unit of value for cross-border transfers in the LATAM region rather than a speculative asset.
What separates USDPT from other stablecoins is its institutional grounding. It combines blockchain-based settlement with Western Union's global compliance, risk management and distribution infrastructure — capabilities built across decades and over 200 countries. Anchorage Digital provides the federally regulated issuance layer, while Solana eliminates the latency and fragmentation typical of the traditional correspondent banking system. The result is an always-on settlement asset that operates within real-world payment systems, not parallel to them.
Thanks to Bybit’s integration of USDPT, you gain direct access to a regulated digital dollar that can exit the crypto ecosystem into local LATAM currencies, transparently, instantly and efficiently.
How it works
Purchase USDPT on Bybit
Step 1: Visit Bybit’s homepage, log in to your account, click on Buy Crypto in the top menu and then click on One-Click Buy.
Step 2: In the One-Click Buy form on the right, ensure that you have the Buy tab selected. Select your local currency and preferred payment method, such as your account balance, bank card or bank transfer.
Step 3: Choose USDPT as your receiving asset, enter the amount and confirm the payment.
USDPT will be credited to your Bybit account instantly upon payment confirmation.
Access funds in your account
After purchase, your USDPT balance updates immediately. To verify the credit:
Step 1: Go to the One-Click Buy page.
Step 2: Tap the Order icon in the top-right corner.
Step 3: View your order status and confirm USDPT has been credited in the One-Click Buy orders list.
Initiate withdrawal via Bybit
When you're ready to convert USDPT into local currency through One-Click Buy:
Step 1: Go to Buy Crypto, then One-Click Buy.
Step 2: Switch to the Sell tab.
Step 3: Select USDPT, choose your local currency, and enter the amount.
Step 4: Select your preferred payout method.
Step 5: Review all details and confirm the transaction.
Key benefits
Fast settlement
Traditional remittance corridors in LATAM can take one to five business days depending on the receiving bank, intermediary routing and cut-off times. USDPT settlement on Solana operates without those delays. Transfers move from on-chain to local currency payout in minutes rather than days, and, naturally, the network doesn't observe banking hours or regional holidays.
Flexible fund control
You're not locked into an immediate conversion. USDPT can be held in your Bybit account as a USD-pegged store of value, converted to another asset or withdrawn to a local currency whenever conditions suit you. That flexibility matters particularly in high-inflation LATAM markets where timing a conversion can meaningfully affect real purchasing power.
Regulatory-grade issuance
Because USDPT is issued by a federally chartered bank under US regulatory oversight, its reserve backing and issuance process meet institutional compliance standards. That's a meaningful distinction from unregulated stablecoins, which carry counterparty risk that USDPT avoids by design.
Broad local currency coverage
The withdrawal layer supports seven currencies across six LATAM countries. The geographic spread reduces the need for separate remittance providers or multi-step conversion flows through intermediary assets.
Practical crypto usage
Bybit’s integration of USDPT creates an efficient bridge between the crypto world and the traditional finance system, making it practical and convenient for use in both environments.
Who can use it?
This service is currently available to Bybit users in select LATAM markets. Eligibility and applicable limits may depend on your verification tier, Individual Identity Verification or Business Verification.
Important notes
Payout currency availability is determined by both your country of residence and your verification tier — not every currency listed will be accessible under every account type.
Fee structures for local payouts might vary by region and payout method. Check the applicable rates on the One-Click Buy page before confirming a withdrawal, as costs tied to local distribution conditions can differ meaningfully from standard crypto withdrawal fees.
When conducting any operations with USDPT that require an on-chain wallet, always verify the wallet address before confirming. USDPT is based on the Solana network — sending to an incompatible address or wrong network will result in a permanent, unrecoverable loss of funds.
The bottom line
Bybit's partnership with Western Union creates a direct settlement path from USDPT to local currencies across six LATAM markets, removing the correspondent banking intermediaries that have historically inflated both the cost and transit time of cross-border transfers. The underlying architecture — Anchorage Digital's federally regulated issuance on Solana, combined with Western Union's payout infrastructure — means this isn't a workaround built on unregulated rails; USDPT leverages regulated digital infrastructure operating at institutional scale.
For anyone regularly moving value into LATAM, the practical advantage of the stablecoin is a remittance corridor that doesn't close at 5 PM on a Friday. As Western Union extends USDPT to more markets throughout 2026, the asset’s availability might also be expanded beyond the six currently included countries.
Disclaimer: USDPT is a digital asset issued and managed solely by Western Union. Bybit does not issue, back, or guarantee USDPT. All terms, backing, issuance and redemption mechanics, and any remittance, foreign-exchange, cash collection or payout, or cross-border transfer services related to USDPT are provided exclusively by Western Union or its affiliates under their own licences and applicable regulations. Bybit provides only a virtual asset trading platform and does not provide any remittance, foreign-exchange, cash, or money transfer services.
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