Western Union is set to introduce a prepaid stablecoin card designed to aid users in countries experiencing high inflation. CFO Matthew Cagwin announced at the UBS Global Technology and AI Conference that the card will help protect purchasing power against rapid currency depreciation. In Argentina, where inflation surpassed 200% last year, a USD-pegged stablecoin card could offer significant value preservation.
Additionally, Western Union plans to launch its USD stablecoin, USDPT, on the Solana blockchain in early 2026. This initiative aims to provide a stable financial tool for users in volatile economic environments.
Western Union to Launch Prepaid Stablecoin Card for Inflation-Hit Countries
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
