USDPT is a US dollar stablecoin that is redeemable 1:1 for US dollars. USDPT is issued by Anchorage Digital Bank, N.A., a US national trust bank, on the Solana blockchain network.
For every USDPT issued, an equal amount of USD is held in reserves that include bank deposits, US Treasury bills, and similar cash equivalents.
USDPT is a fast and low-cost way to send and receive money around the world, 24/7.