Western Union Taps USDPT with Stablecard Launch
Western Union and Rain have launched Stablecard, a digital wallet and Visa card that lets people receive money transfers as USDPT and spend the balance at any Visa merchant or ATM. The stablecoin behind it has $7.4 million in circulation. This is an extension of Western Union's on-chain push from settlement infrastructure into a consumer-facing product.
The company moved $107.4 billion in cross-border principal across 285.9 million consumer money transfer transactions in 2025, and Stablecard gives recipients of that money a dollar-denominated balance they can spend without converting to local currency. It is available in 37 markets, which include 'key markets where local currency is not stable and demand for stablecoins is already visible.'
Western Union President and CEO Devin McGranahan said: 'By combining the stability of a dollar-backed digital asset with the scale of Western Union's global network and Visa's acceptance footprint, we're giving consumers a new way to hold value, move money and spend confidently across borders.'