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Western Union has made its USDPT stablecoin available on Bybit's fiat channels in Latin America, the two companies announced Thursday.
Bybit, which describes itself as the world's second-largest crypto exchange by trading volume with over 80 million users, is the first major crypto exchange to integrate USDPT.
Through the integration, users in selected Latin American markets can buy USDPT with local fiat currencies on Bybit, or convert holdings back to local currency at any time. The time from purchase to fiat off-ramp drops from days to minutes, per the joint announcement.
