@WesternUnion has launched Stablecard, a digital wallet and @Visa secured credit card that lets remittance recipients receive and hold money in $USDPT, the company's dollar-backed stablecoin,
@WesternUnion has launched Stablecard, a digital wallet and @Visa secured credit card that lets remittance recipients receive and hold money in $USDPT, the company's dollar-backed stablecoin, and spend it anywhere Visa is accepted. The product is built in partnership with Rain and marks a significant step in Western Union's push to put blockchain-based payments directly in the hands of everyday consumers.
The card is aimed squarely at remittance receivers in markets where local currencies are prone to sharp swings. Rather than converting an incoming transfer into a volatile local currency immediately, users can hold their balance in $USDPT, a dollar-pegged token that offers a degree of protection against depreciation. Remittance recipients can maintain their balances in this denomination without needing to convert them immediately into the local currency of their respective countries.
Stablecard began commercial operations in 37 initial markets selected for high exchange rate volatility in their local currencies. Western Union's stated goal is to extend availability to more than 60 international markets before the end of 2026.
The technological platform is provided by Rain, an entity holding principal membership in the Visa and Mastercard networks with operational reach in over 200 countries and territories.
$USDPT is fully backed by U.S. dollars and issued by Anchorage Digital Bank N.A., the first federally regulated crypto bank in the United States, and built on Solana. Each unit in circulation maintains a 1:1 parity backed by cash bank deposits and U.S. Treasury debt securities.
The stablecoin itself has been in development since late 2025. Western Union launched $USDPT on the Solana blockchain in May 2026. Stablecard is the first major consumer-facing product built on top of that infrastructure. Solana's fast, low-fee, 24/7 operations allow $USDPT to handle small consumer payments and large settlement flows, merging remittances and wholesale settlements.
Data from the Solana blockchain show that $USDPT has 7.4 million tokens in circulation distributed among 162 registered wallets, representing approximately 0.05% of the total stablecoin volume on the Solana network, which amounts to $15.8 billion. The relatively modest supply suggests the rollout is still in its early stages, with room to scale as the card reaches new markets.
Sources:Crypto Economy: Western Union Launches Solana-Powered Stablecoin Card Across 37 MarketsWestern Union Investor Relations: USDPT Launch Press ReleaseAnchorage Digital: USDPT Partnership Announcement
