Western Union has launched StableCard, a digital wallet and VISA-branded payment card that allows users to hold, send, and spend its U.S. dollar-backed stablecoin, USDPT, as the remittance giant expands into on-chain payments.
The service, developed with stablecoin infrastructure provider, Rain, is launching in 37 markets and will expand to more than 60 by year-end. Users can
receive Western Union transfers directly into a USDPT wallet,
transfer funds to compatible crypto wallets, and
spend balances anywhere VISA is accepted, including through Apple Pay and Google Pay.
The launch follows Western Union’s introduction of USDPT in May 2026 under the U.S. GENIUS Act framework and reflects growing adoption of stablecoins for cross-border payments.
PRESS RELEASE | Western Union Launches USDPT on Solana Advancing Regulated Digital Infrastructure for Global Payments
Rival MoneyGram has also entered the market with its MGUSD stablecoin on Stellar as remittance providers look to offer faster dollar-based transfers and savings options in high-inflation economies.
STABLECOINS | MoneyGram Launches the MGUSD Stablecoin on the Stellar Blockchain #MoneyGram said $MGUSD will eventually serve as the foundation of its payments network, which reaches roughly 60 million active users across more than 200 countries and territories.… pic.twitter.com/C658Wwu2c6
— BitKE (@BitcoinKE) June 2, 2026
Speaking to media, Soohoo said MoneyGram has shifted from experimenting with blockchain to integrating it into its global payments infrastructure. The company, which serves around 60 million active customers, is using blockchain to reduce settlement times and operating costs rather than promoting crypto as a consumer-facing product.
STABLECOINS | ‘If Someone is Sending Money From MoneyGram to MoneyGram, Why Shouldn’t It Be Our Own Coin?’ Asks CEO
Spending through VISA-issued cryptocurrency cards experienced explosive growth in 2025, with net transaction volume surging by 525% over the year, new blockchain analytics data shows.
According to Dune Analytics, the combined net spend across six VISA-partnered crypto cards rose from $14.6 million in January 2025 to $91.3 million by December 2025.
2025 RECAP | VISA Crypto Cards See Over 500% Spending Surge in 2025
Stay tuned to BitKE for deeper insights into stablecoin developments globally.
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