Western Union launches stablecoin payment card to help residents in high-inflation countries preserve value
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Western Union launches stablecoin payment card to help residents in high-inflation countries preserve value
Western Union is developing a payment card preloaded with stablecoins, designed for high-inflation countries like Argentina to help recipients maintain purchasing power. The company's CFO, Matthew Cagwin, said this is an extension of its existing U.S. prepaid card and is developed in partnership with Rain, allowing users to convert stablecoins into local cash. Western Union also plans to launch its own stablecoin, USDPT, on the Solana network in 2026.
Navigating Web3 tides with focused insightsTechFlow, December 6 — According to Criptonoticias, Western Union is developing a payment card preloaded with stablecoins, specifically designed for high-inflation countries like Argentina, aiming to help remittance recipients maintain purchasing power. The company's CFO, Matthew Cagwin, stated this is an extension of its existing U.S. prepaid cards and is developed in partnership with Rain, allowing users to convert stablecoins into local cash. Western Union also plans to launch its own stablecoin, USDPT, on the Solana network in 2026.
