Odaily Planet Daily reports: Global money transfer giant Western Union has officially launched Stablecard, built on the Rain stablecoin infrastructure. Users can now directly receive USDPT, a stablecoin issued by Western Union and minted on Solana by Anchorage Digital Bank, and instantly spend it at any Visa-accepting merchant worldwide via an integrated Visa card, or choose to withdraw cash. Stablecard is initially available in 37 markets, with Western Union planning to expand to over 60 markets by the end of the year. The company states that stablecoins will help reduce its working capital requirements for cross-border remittances, improve capital efficiency, and enable the launch of additional digital financial services. (Rain)
Western Union Launches Stablecard Stablecoin Payment Card in 37 Markets
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Summary
Western Union has launched its Stablecard stablecoin payment card in 37 markets, according to on-chain news. Built on the Rain stablecoin infrastructure, the card enables users to spend USDPT, a stablecoin issued by Anchorage Digital Bank on Solana, at merchants worldwide that accept Visa. The Stablecard supports instant spending and cash withdrawals. The company plans to expand to more than 60 markets by year-end. Digital asset news highlights this move as a step toward enhancing capital efficiency and enabling broader access to digital financial services.
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