Western Union Unveils Visa-Branded Card for US Dollar-Backed Stablecoin

Western Union has launched Stablecard, a digital wallet and Visa-branded card that allows users to hold and spend USDPT, a US dollar-backed stablecoin issued by Anchorage Digital Bank on the Solana blockchain.

The product is aimed at remittance recipients and consumers in countries with volatile local currencies, offering them the ability to hold savings in a dollar-backed digital asset while spending through existing payment networks.

Stablecard launched in 37 markets, with Western Union aiming to expand availability to more than 60 markets by the end of the year. Users can receive Western Union money transfers directly into a USDPT wallet and spend their balances anywhere Visa is accepted.