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Crypto

Western Union launches stablecoin wallet and Visa card in 37 markets

Western Union has launched a digital wallet and a Visa-branded card in 37 markets that let users hold, send and spend a dollar-pegged stablecoin. Cointelegraph reported the company partnered with stablecoin infrastructure firm Rain to introduce the “Stablecard.” The product supports USDPT, a dollar-pegged stablecoin on the Solana blockchain issued by Anchorage Digital Bank. Western Union plans to expand availability to more than 60 markets by year-end.

Crypto

Strategy says it can cover interest and dividends even if bitcoin falls for six straight years

Strategy said it can meet its financial obligations under its current capital structure even if bitcoin prices fall for an extended period. It said an internal scenario showed it could fully pay interest costs and preferred share dividends even if bitcoin declines 11.4 percent annually for 5.8 years. The company is also reshaping its financing structure, revamping metrics and joining the Bitcoin Security Consortium backed by $15 million in pledged funding.

Crypto

Wise to reapply for federal trust bank charter under Genius Act framework

Wise, a London-headquartered cross-border remittance and foreign-exchange services company, will submit a new application for a U.S. federal trust bank charter under the Genius Act stablecoin framework after the Office of the Comptroller of the Currency rejected its original proposal. The Block reported the OCC said the initial filing did not align with new Federal Reserve policy on payment system master account access. Reuters reported Wise will reapply on July 24.