Western Union launches Stablecard Visa debit in 37 markets

Western Union has launched a new Visa debit card linked to its U.S. dollar-pegged stablecoin, allowing customers in 37 initial markets to receive and spend remittances digitally. The product, called Stablecard, debuted on August 4, 2026, as part of the 175-year-old money transfer giant's push into digital finance. The card enables holders to receive eligible Western Union transfers as USDPT, store the funds, and spend them anywhere Visa is accepted, online or in person.

The card operates with USDPT, a stablecoin issued on the Solana blockchain by Anchorage Digital Bank, a federally chartered U.S. national trust bank. The token is designed to maintain a one-to-one value with the U.S. dollar, backed by reserves that include cash and U.S. Treasury securities. Western Union's partner, stablecoin payments company Rain, provides the mobile application, embedded digital wallet, and card infrastructure. The card can be added to Apple Pay or Google Pay for contactless payments and funds can also be withdrawn from ATMs or participating Western Union locations, though fees may apply.

Western Union stated it plans to expand Stablecard availability to more than 60 markets by the end of 2026....