Western Union launches USDPT Visa card with Rain

Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin. Summary 37 markets now offer Western Union Stablecard access, with expansion targeting more than 60 markets. USDPT remittances can fund a Visa card for spending online, in stores, or at ATMs. Anchorage Digital Bank issues USDPT on Solana and publishes monthly independent reserve attestation reports online. Western Union’s second quarter digital transactions rose 25%, supporting its wider shift toward digital services. Solana Explorer showed 5.92 million USDPT outstanding, above the amount covered by June’s attestation report. The product combines a digital wallet with a Visa card and is available through dedicated applications on Apple’s App Store and Google Play. USDPT is issued by Anchorage Digital Bank on Solana and is redeemable at a one to one rate for U.S. dollars. Customers can receive eligible Western Union transfers into the Stablecard wallet, transfer USDPT from compatible wallets or exchanges, and spend through Visa merchants or ATMs. The companies did not identify every launch market in their ...