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Today in crypto, Western Union expanded its stablecoin strategy with a Visa-linked payment wallet, Binance-affiliated companies sued the founders of RedotPay for nearly $473 million over alleged user diversion and a controversial Ethereum proposal to reduce staking rewards ignited debate over the network’s long-term economics.
Western Union has rolled out Stablecard, a digital wallet and Visa payment card built around its dollar-backed stablecoin USDPT, expanding the remittance company’s push into blockchain-based payments.
The service is initially available in 37 countries and lets customers receive Western Union transfers as stablecoins instead of cash or bank deposits. Users can also send USDPT to supported crypto platforms and make purchases through Visa’s global payments network. The stablecoin is issued by Anchorage Digital Bank on Solana, with Western Union planning to extend the service to more than 60 markets later this year.
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