Western Union officially launched Stablecard stablecard payment cards, covering 37 markets in the first batch

According to the news, global remittance giant Western Union (Western Union) announced the official launch of its Stablecard based on Rain's stablecoin infrastructure. Users can directly receive USDPT, a stablecoin issued by Western Union and issued by Anchorage Digital Bank on Solana, and instantly spend at Visa-enabled merchants around the world through integrated Visa cards, and can also choose to withdraw cash.

Stablecard first covered 37 markets, and Western Union plans to expand to more than 60 markets by the end of the year. The company said that stablecoins will help it reduce the need for advance funding for cross-border remittance transfers, improve capital efficiency, and support the launch of more digital financial services.