Western Union Taps Solana for Stablecoin-Powered Visa Card

Western Union has launched a new Visa card tied to its own dollar-pegged stablecoin, USDPT, which runs on the Solana blockchain.

The card allows users to make payments in USDPT at millions of Visa merchants worldwide, marking a significant step in bridging traditional remittance services with digital currency payments.

The card is supported by Rain, a stablecoin card infrastructure provider that supplies the mobile app, embedded wallet, and card processing backbone. Cardholders can load USDPT into their wallet and spend it wherever Visa is accepted, with the underlying stablecoin automatically converted to fiat at the point of sale.

USDPT is issued by Western Union and pegged 1:1 to the U.S. dollar, aiming to provide price stability while leveraging Solana's fast and low-cost transaction network.