Western Union is developing a prepaid stablecoin payment card aimed at countries experiencing severe inflation. The company's CFO, Matthew Cagwin, stated at the UBS Global Technology and AI Conference that the product is designed to help address scenarios of rapid local currency devaluation, providing users with more stable purchasing power. For example, in Argentina, inflation exceeded 200% last year, and a dollar-denominated stablecoin card can help remittance recipients better preserve value. Previously, Western Union also announced plans to launch the USD-pegged stablecoin USDPT on Solana in early 2026. (CriptoNoticias)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Western Union is developing a prepaid stablecoin payment card aimed at countries experiencing severe inflation. The company's CFO, Matthew Cagwin, stated at the UBS Global Technology and AI Conference that the product is designed to help address scenarios of rapid local currency devaluation, providing users with more stable purchasing power. For example, in Argentina, inflation exceeded 200% last year, and a dollar-denominated stablecoin card can help remittance recipients better preserve value. Previously, Western Union also announced plans to launch the USD-pegged stablecoin USDPT on Solana in early 2026. (CriptoNoticias)