Western Union Launches Stablecard for Global Dollar Spend

Western Union has launched Stablecard in partnership with Rain, a digital wallet and USDPT-backed Visa secured credit card designed for consumers to hold, move, and spend U.S. dollar value globally.

The card is backed by the Solana blockchain's USDPT stablecoin, which is redeemable 1:1 for U.S. dollars and fully backed by reserves.

Stablecard offers a consumer-friendly way to receive funds and store value in USDPT, allowing users to spend seamlessly anywhere Visa is accepted.

The card has gone live in 37 markets, including key markets where local currencies frequently fluctuate, with Western Union targeting more than 60 markets by the end of the year.