Western Union and Rain launch Stablecard tied to USDPT

Aninda Chakraborty

Wed, August 5, 2026 astatine 5:15 AM CDT 2 min read

Western Union has launched Stablecard successful concern with stablecoin payments level Rain.

The motorboat follows Western Union's earlier instauration of USDPT, a US dollar-denominated outgo stablecoin.

The caller product, Stablecard by Western Union, combines a integer wallet with a USDPT-backed Visa secured recognition card.

In a statement, Western Union said the merchandise offers a "consumer-friendly way" for users to person and clasp USDPT, and walk funds wherever Visa is accepted.

The paper tin besides beryllium added to integer wallets including Apple Pay and Google Pay.

USDPT is issued by Anchorage Digital Bank connected the Solana blockchain. It is redeemable 1:1 for US dollars and is "fully backed by reserves", the connection added.

Stablecard is launching successful 37 markets initially. Western Union plans to grow availability to much than 60 markets by the extremity of the year.

Western Union president and CEO Devin McGranahan said: "Stablecard represents the adjacent measurement successful making planetary fiscal services much accessible to our customers.

"By combining the stableness of a dollar-backed integer plus with the standard of Western Union's planetary web and Visa's acceptance footprint, we're giving consumers a caller mode to clasp value, determination wealth and walk confidently crossed borders."

The work is delivered done the Stablecard mobile app, which combines a USDPT wallet and Visa paper absorption successful a azygous interface. The app is disposable connected the Apple App Store and Google Play successful supported markets.

Rain co-founder and CEO Farooq Malik said: "Western Union is putting stablecoin ratio successful the hands of radical who person ne'er thought astir onchain wealth and ne'er request to.

"With Rain's endeavor infrastructure underneath some the wallet and card, users bask a modern acquisition that conscionable works with each of the compliance and protections built in."

"Western Union and Rain motorboat Stablecard tied to USDPT" was primitively created and published by Electronic Payments International, a GlobalData owned brand.