Western Union's Stablecard is live. Remittances can now arrive as stablecoins and be spent instantly anywhere Visa is accepted. Mobile app, embedded wallets, and cards powered by Rain. $100B a year for 100M customers is moving onchain.

Who's launching with stablecoins has completely changed in the last 12 months. It started with neobanks: stablecoin first, global by default. Then GENIUS brought in the traditional fintechs and institutions. Now companies like @MoneyGram are using stablecoins to rethink their entire business. @cnaut on @TokenizedPod with @sytaylor, @cuysheffield, Luke Tuttle, and Darko Hajdukovic.

Tokenized rewards let stablecoin cards go further than the world's biggest programs ever could. In the US, over 90% of credit card spend is on cards with rewards. So on day one, rewards bring stablecoin cards to parity with traditional programs. In the long run, tokenized points give smaller fintechs and neobanks real flexibility and customizability. Interoperability is the clearest example. Delta and Starbucks are two of the most sophisticated loyalty operators. Their partnership lets the two programs honor each other's rewards. Building it took a lengthy custom integration. With tokenized points, the same thing can be done with the flip of a switch. Further out, a single rewards currency could span an ecosystem of dozens of programs. Each program decides what its points are and what they can do, instead of inheriting a fixed menu. From @BasriRoss's appearance on @TokenizedPod with @sytaylor, @cuysheffield, and @centrifuge CLO Eli Cohen.

Rain is now a @Mastercard Principal Member. That means greater choice for our partners, backed by the same stablecoin-powered authorization and settlement technology under the hood. Partners will be able to offer cards that work everywhere Mastercard is accepted across 210+ countries and territories. Read more: