Western Union Unveils USDPT Visa Card, Bringing Stablecoin Payments to 37 Markets
What's happening
Western Union has launched Stablecard, a digital wallet plus Visa secured credit card that uses the USDPT stablecoin so customers can hold, move and spend U.S. dollar value. The product was developed with Rain and supports USDPT, which is issued by Anchorage Digital Bank on the Solana blockchain and is redeemable one-for-one for U.S. dollars. Stablecard is rolling out across 37 markets and is pitched to protect money in countries with frequent currency fluctuation while enabling payments at any Visa merchant or ATM, online or in store.
Why it's trending
Stablecoins are moving from crypto rails into mainstream payments as firms link remittances and everyday spending through card rails now.
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You can now spend a stablecoin at any Visa merchant, here is how Western Union's Stablecard works in simple terms, today, in 37 markets:
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Original sources5
- Western Union Unveils USDPT Visa Card, Bringing Stablecoin Payments to 37 MarketsBitcoin FoundationAug 5
- Western Union and Rain’s Stablecard launch to break remittance friction
One of the US’ oldest banks, Western Union, continues to embrace stablecoins after launching a dedicated credit card and digital wallet to support its native stablecoin; USDPT. Western Union has launched a dedicated stablecoin payment card to support USDPT and enable its customers to spend digital dollars globally. Built in partnership with Rain, a fintech […]
Payment ExpertAug 5 - Western Union Links Remittances, Stablecoin Spending With Stablecard
Western Union is bringing stablecoins into everyday payments with the launch of Stablecard in 37 markets. Developed with Rain, Stablecard combines a digital USDPT wallet with a Visa secured credit card linked to the U.S. dollar stablecoin. USDPT is issued by Anchorage Digital Bank on the Solana blockchain. It is redeemable one-for-one for U.S. dollars [...] The post Western Union Links Remittances
Fintech News SingaporeAug 5
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