Western Union launches USDPT Visa card with Rain

cryptonews08-05

Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin. Summary 37 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2657592492?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-05 12:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657592492","market":"nz","top_or_hot":-1,"title":"Western Union launches USDPT Visa card with Rain","media":"cryptonews","content":"<div>\n<p>Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin. \n\n\nSummary\n\n\n\n37 ...</p>\n\n<a href=\"https://crypto.news/western-union-launches-usdpt-visa-card-with-rain/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Western Union launches USDPT Visa card with Rain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestern Union launches USDPT Visa card with Rain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-05 12:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/western-union-launches-usdpt-visa-card-with-rain/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin. \n\n\nSummary\n\n\n\n37 ...</p>\n\n<a href=\"https://crypto.news/western-union-launches-usdpt-visa-card-with-rain/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ31699556.SGD","symbol_name":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","start_time":0,"source_url":"https://crypto.news/western-union-launches-usdpt-visa-card-with-rain/","article_id":"2657592492","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/western-union-launches-usdpt-visa-card-with-rain/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657592492","pubTimestamp":1785902898,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin.37 markets now offer Western Union Stablecard access, with expansion targeting more than 60 markets.USDPT remittances can fund a Visa card for spending online, in stores, or at ATMs.Anchorage Digital Bank issues USDPT on Solana and publishes monthly independent reserve attestation reports online.Western Union’s second quarter digital transactions rose 25%, supporting its wider shift toward digital services.Solana Explorer showed 5.92 million USDPT outstanding, above the amount covered by June’s attestation report.USDPT is issued by Anchorage Digital Bank on Solana and is redeemable at a one to one rate for U.S. dollars. Customers can receive eligible Western Union transfers into the Stablecard wallet, transfer USDPT from compatible wallets or exchanges, and spend through Visa merchants or ATMs.Western Union St","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","BK4598":"佩洛西持仓","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU1670756490.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AT\" (USDHDG) ACC","SOLT":"2x Solana ETF","FSOL":"Fidelity Solana Fund","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","TSOL":"21Shares Solana ETF","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","SOLZ":"Solana ETF","GSOL":"Grayscale Solana Trust ETF","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","BSOL":"Bitwise Solana Staking ETF","VSOL":"VanEck Solana ETF","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","UYG":"两倍做多金融股ETF-ProShares","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","SSS":"Cyber Hornet S&P 500 and Solana 75/25 Strategy ETF","FNCL":"Fidelity MSCI Financials Index ETF","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0557290698.USD":"施罗德环球可持续增长基金","IXG":"全球金融业ETF-iShares","SOEZ":"Franklin Solana ETF","FDFF":"Fidelity Disruptive Finance ETF","QSOL":"Invesco Galaxy Solana ETF","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","WU":"西联汇款","SOLX":"T-REX 2X Long SOL Daily Target ETF","XLF":"金融ETF","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IYG":"iShares U.S. Financial Services ETF","IPAY":"移动支付ETF-PureFunds","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","TFNS":"T. Rowe Price Financials ETF","SSK":"Rex-Osprey SOL + Staking ETF","VFH":"Vanguard Financials ETF","LATR":"Corgi Buy Now Pay Later ETF","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","SLON":"ProShares Ultra Solana ETF","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","SOLM":"Amplify Solana 3% Monthly Option Income ETF","SOLC":"Canary Marinade Solana ETF","TRUF":"VanEck Financials TruSector ETF","LU1861217088.USD":"贝莱德金融科技A2","LU1228905540.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC 2","V":"Visa"},"translate_title":"西联汇款与 Rain 合作推出 USDPT Visa 卡","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TRUF":0.6,"TSOL":0.74,"BSOL":0.76,"FNCL":0.6,"SOLT":0.74,"IYG":0.6,"SOLX":0.76,"UYG":0.6,"SOLZ":0.74,"V":1.5,"IPAY":0.6,"XLF":0.6,"TFNS":0.6,"WU":1.5,"FSOL":0.74,"QSOL":0.74,"GSOL":0.76,"SOLC":0.74,"SSK":0.76,"VFH":0.6,"SLON":0.76,"LATR":0.6,"VSOL":0.74,"SOEZ":0.74,"SOLM":0.9,"IXG":0.6,"SSS":0.74,"FDFF":0.6},"content_text":"Western Union and stablecoin payments company Rain launched Stablecard on Aug. 4, giving customers in 37 markets a way to receive, hold and spend Western Union’s USDPT stablecoin. \n\n\nSummary\n\n\n\n37 markets now offer Western Union Stablecard access, with expansion targeting more than 60 markets.\nUSDPT remittances can fund a Visa card for spending online, in stores, or at ATMs.\nAnchorage Digital Bank issues USDPT on Solana and publishes monthly independent reserve attestation reports online.\nWestern Union’s second quarter digital transactions rose 25%, supporting its wider shift toward digital services.\nSolana Explorer showed 5.92 million USDPT outstanding, above the amount covered by June’s attestation report.\n\n\n\nThe product combines a digital wallet with a Visa card and is available through dedicated applications on Apple’s App Store and Google Play.\nUSDPT is issued by Anchorage Digital Bank on Solana and is redeemable at a one to one rate for U.S. dollars. Customers can receive eligible Western Union transfers into the Stablecard wallet, transfer USDPT from compatible wallets or exchanges, and spend through Visa merchants or ATMs.\n\nBREAKING: Western Union's Stablecard is live.Spend instantly anywhere Visa works, across 175M merchant locations in 37 markets at launch. The card runs on USDPT, @WesternUnion's own stablecoin issued onchain on Solana and powered by @raincards. https://t.co/A0ycTQP68X pic.twitter.com/01NajGWGPe— Solana (@solana) August 4, 2026\n\nThe companies did not identify every launch market in their announcements. Western Union said it is “targeting 60+ markets by the end of the year,” making that figure a planned expansion rather than current availability. Access, fees and individual features will depend on local rules and geographic requirements.\nWestern Union Stablecard connects USDPT to Visa spending\nThe official Western Union announcement describes Stablecard as a way to receive funds, retain their value in USDPT and spend through Visa without first moving the balance into a conventional bank account. Customers can also add the virtual card to Apple Pay or Google Pay.\nThe application gives users several funding routes. They can transfer USDPT from a supported crypto wallet or exchange, or use a “Cash Redirect” feature to move an eligible Western Union remittance into Stablecard. The store listings say users must complete identity verification, although they do not need a credit check or minimum balance.\nUsers can still access cash through ATMs or participating Western Union locations. However, the applications warn that ATM charges, foreign exchange costs and other fees may apply. The card is issued through a third party, Nimbus LLC, doing business as Third National, according to the store disclosures.\nThe consumer launch follows USDPT’s May introduction. As crypto.news reported, Western Union initially positioned the token as an always available settlement asset for agents, partners and future customer products. Stablecard now adds a direct spending function to that infrastructure.\nRain provides the wallet, card and compliance layer\nRain built the mobile application, embedded wallet and card infrastructure supporting the product. Its Stablecard case study says its Visa programs can operate at more than 175 million merchant locations across over 200 countries and territories.\nRain also argues that stablecoin settlement could reduce Western Union’s reliance on prefunded bank accounts. Remittance companies traditionally place money in local accounts before customers request payouts. Rain says USDPT could allow capital to move when demand arises rather than remaining idle for days. This is Rain’s assessment of the expected operating benefits. Western Union has not disclosed realized savings from Stablecard.\nRain’s social media statement that “$100B a year for 100M customers is moving onchain” needs context. Its longer case study uses those figures to describe Western Union’s existing annual network scale. It does not say that all $100 billion has already migrated to Solana or Stablecard. Neither company released transaction volume, active user numbers or revenue for the new product.\nThe launch arrives as Western Union’s digital channel grows faster than its retail operation. The company’s second quarter results showed branded digital revenue rising 7% and digital transactions increasing 25% from a year earlier. Digital activity represented 32% of consumer money transfer revenue and 43% of transactions.\nWestern Union’s total quarterly revenue nevertheless declined 1% to about $1 billion. Management cited weakness in the Americas retail business, lower margins and higher expenses. Stablecard therefore forms part of a broader effort to grow digital services while the legacy retail operation faces pressure.\nU.S. oversight gives USDPT a regulated structure\nAnchorage Digital Bank, a national trust bank overseen by the Office of the Comptroller of the Currency, issues and redeems USDPT. Western Union says reserves can include bank deposits, U.S. Treasury bills and similar cash equivalents. The official Solana contract address is published on the company’s USDPT information page.\nAnchorage also publishes monthly reserve reports reviewed by an independent accounting firm. Its June 30 attestation recorded 21,581 redeemable USDPT and $122,245 of reserve assets. Those reserves consisted of $3,116 in cash and $119,129 in a money market fund.\nOnchain supply has since grown. The official Solana Explorer displayed approximately 5.92 million USDPT at the time of reporting. That figure is not covered by the June 30 snapshot because the tokens were apparently minted after its reporting date. Anchorage’s reserve page listed only May and June reports as of Aug. 5, so the next attestation will provide a newer comparison between circulating tokens and reserve assets.\nThe federal banking structure does not make USDPT a government guaranteed asset. Western Union states that the token is not issued, approved or guaranteed by the U.S. government and is not protected by FDIC insurance. This distinction matters for consumers who may associate a federally supervised issuer with deposit insurance.\nThe next test is adoption across 60 markets\nWestern Union’s immediate target is to expand Stablecard from 37 markets to more than 60 before year end. The company has not provided a market by market timetable, expected card count or revenue forecast. Publishing the complete availability list would also clarify where remittance receipt, digital wallet transfers and cash withdrawal features are active.\nFuture reserve reports will show whether USDPT supply continues growing after the consumer launch. Usage data will be equally important because minted supply does not reveal how frequently customers receive remittances, use cards or retain balances in the application.\nExchange access could support that growth. As previously reported, Bybit added USDPT trading, transfers and custody in June, initially connecting the asset with fiat channels in Latin America. Western Union has also said wider exchange support and additional cash access services are planned.\nStablecard moves Western Union’s stablecoin strategy from settlement infrastructure into a consumer product. The next evidence will come from active users, payment volume, market expansion, fees and updated reserve disclosures rather than the size of Western Union’s existing remittance network.\n\n\n\n\n\n                Read more:\n            \n\n                Polymarket reportedly seeks $1 billion at $20B","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657592492","isCrawlerRequest":true}