Odaily Planet Daily reports that Western Union has partnered with stablecoin infrastructure provider Rain to launch Stablecard, a digital wallet and Visa-branded card that enables users to hold and spend USD-pegged stablecoins. The product is now available in 37 markets, with Western Union planning to expand to over 60 markets by the end of this year. Stablecard supports USDPT, a USD-pegged stablecoin issued by Anchorage Digital Bank and built on the Solana blockchain. Users can directly receive Western Union remittances and transfer funds to compatible crypto wallets and exchanges. Users can also spend their balance at any merchant that accepts Visa, via Apple Pay and Google Pay. Western Union announced USDPT in May and expanded its ecosystem through exchange partnerships in June.
Western Union Launches Stablecard in 37 Markets with USDPT Support
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Summary
Western Union has launched Stablecard, a digital wallet and Visa card, in 37 markets, supporting USDPT, a Solana-based stablecoin. Users can receive transfers, store, and spend USDPT, with balances usable at Visa merchants through Apple Pay and Google Pay. The company aims to expand to more than 60 markets by year-end. This update brings fresh digital asset news and highlights new opportunities in digital collectibles.
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