Payments

Western Union intros stablecard with Rain

Photo: Adobe Stock

August 4, 2026

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Western Union introduced its Stablecard via a partnership with Rain. This digital wallet allows customers to store USDPT, a stablecoin backed on the U.S. dollar, according to a press release.

"Stablecard represents the next step in making global financial services more accessible to our customers," Devin McGranahan, president and CEO of Western Union, said in the release. "By combining the stability of a dollar-backed digital asset with the scale of Western Union's global network and Visa's acceptance footprint, we're giving consumers a new way to hold value, move money and spend confidently across borders."

USDPT is issued by Anchorage Digital Bank and is redeemable 1:1 for U.S. currency. With the card, customers can spend funds anywhere is accepted. It includes both a digital UPSDPT wallet and a Visa card.

"Western Union is putting stablecoin efficiency in the hands of people who have never thought about onchain money and never need to. With Rain's enterprise infrastructure underneath both the wallet and card, users enjoy a modern experience that just works with all of the compliance and protections built in," Farooq Malik, CEO and co-founder of Rain, said in the release.

The Stablecard app is available via the Apple App Store and Google Play.

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