(5 August 2026 – Global) Western Union and Rain have launched Stablecard, a digital wallet and USDPT-backed Visa secured credit card designed to enable clients to hold, move and spend US Dollar (USD) value globally.
Stablecard offers a consumer-friendly way to receive funds and store value in USDPT, a USD stablecoin, in a secure digital wallet and spend seamlessly anywhere Visa is accepted. USDPT is issued by Anchorage Digital Bank on the Solana blockchain. USDPT is redeemable 1:1 for USD and is fully backed by reserves.
Stablecard goes live in 37 markets, including key markets where local currency is not stable and demand for stablecoins is already visible, with Western Union targeting 60 plus markets by the end of the year.
“Stablecard represents the next step in making global financial services more accessible to our customers. 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” said Western Union President and CEO, Devin McGranahan.
“Western Union is putting stablecoin efficiency in the hands of people who have never thought about onchain money and never need to. With Rain’s enterprise infrastructure underneath both the wallet and card, users enjoy a modern experience that just works with all of the compliance and protections built in” Rain CEO and Co-founder, Farooq Malik.
“Proud to see the launch of Stablecard by Western Union, an important milestone in making digital dollars more practical, accessible and useful for customers around the world. This achievement reflects the strength of our collaboration with Rain and Visa, as well as the dedication of the teams who brought this vision to life. By combining USDPT with Western Union’s global reach and trusted financial network, we’re creating new ways for customers to hold value, move money and spend seamlessly across borders. A meaningful step forward in expanding financial access and choice” commented Western Union CFO, Matt Cagwin.