Western Union adds stablecoin card as banks push digital assets
American Banker·- Western Union and Rain are launching Stablecard, a digital wallet and Visa secured credit card backed by the USDPT stablecoin. - This initiative helps Western Union navigate pressures from digital competitors and immigration enforcement while expanding its digital asset network. - Users can receive dollar-denominated stablecoins and spend them globally via Visa without fiat conversion, with the product currently live in 37 markets and aiming for over 60 markets by the end of the year.