Western Union launches USDPT Visa card with Rain

Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin.

USDPT is issued by Anchorage Digital Bank on Solana and is redeemable at a one to one rate for U.S. dollars. Customers can receive eligible Western Union transfers into the Stablecard wallet, transfer USDPT from compatible wallets or exchanges, and spend through Visa merchants or ATMs.

The companies did not identify every launch market in their announcements. Western Union said it is “targeting 60+ markets by the end of the year,” making that figure a planned expansion rather than current availability. Access, fees and individual features will depend on local rules and geographic requirements.