Western Union Launches Stablecard in Partnership with Rain

About this update from Western Union Company (the)

The Western Union Company (“Western Union”) (NYSE: WU) and Rain, today announced the launch of Stablecard by Western Union, a digital wallet and USDPT-backed Visa secured credit card designed to enable consumers to hold, move and spend U.S. dollar value globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260804251471/en/ Stablecard offers a consumer-friendly way to receive funds and store value in USDPT, a U.S. dollar 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 U.S. dollars and is fully backed by reserves. The industry has spent years making digital dollars easier to move and store. Stablecard makes them easy to spend. Stablecard answers a simple need: hold dollar value and spend it anywhere Visa is accepted. For remittance receivers in markets where local currencies frequently fluctuate, a dollar-backed balance protects what they have already earned. For everyday spenders, it turns that balance into spending power at any Visa merchant or ATM, online or in store. Stablecard goes live in 37 markets, including the key markets where local currency is not stable and demand for stablecoins is already visible—with Western Union targeting 60+ markets by the end of the year. The Stablecard mobile app combines a digital USDPT wallet and a Visa card in a single experience. Customers can request and manage their Stablecard, hold and transfer USDPT, and send and receive funds to and from compatible digital asset wallets and exchanges — with value spendable instantly through the linked Visa card. With Stablecard, users can: Receive Western Union money transfers directly into their USDPT wallet Hold value in USDPT, backed by U.S. dollars Spend globally online or at merchant locations where Visa is accepted Add Stablecard to their digital wallets such as Apple Pay and Google Pay Access the Stablecard application today in the Apple App Store and Google Play and instantly hold and spend USDPT in supported markets. Western Union has designed the Stablecard to be intuitive and accessible to a broad range of customers, including remittance receivers and everyday spenders seeking greater control over how and when they use their funds. “Stablecard represents the next step in...

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