Western Union Unveils Stablecard, A Digital Wallet For Cross-Border Payments
Western Union has launched Stablecard, a digital wallet and Visa card that allows customers to hold and spend a dollar-backed stablecoin in 37 markets.
The product is powered by USDPT, a stablecoin issued by Anchorage Digital Bank on the Solana blockchain. It connects directly to Visa's global merchant network of over 150 million locations.
Clients can receive Western Union money transfers straight into their USDPT wallet, transfer funds to compatible crypto wallets and exchanges, and spend their balances anywhere Visa is accepted.