Western Union just made a big move into crypto. The legacy remittance giant is rolling out what they're calling "stable cards" alongside their own proprietary token. The target? Protecting cross-border payments in countries getting hammered by inflation.



This isn't just another pilot program. We're talking about one of the world's largest money transfer operators acknowledging that digital assets might actually solve real problems for their customers. When you're sending money home to economies where inflation eats 20-30% of value annually, stability matters more than ideology.

The stable card concept is interesting—sounds like a hybrid between traditional prepaid cards and stablecoin functionality. And launching their own token suggests they're not just integrating existing solutions but building infrastructure they control. Smart play if they want to avoid depending on third-party stablecoin issuers.

For folks in high-inflation zones, this could mean faster settlements and better value preservation compared to volatile local currencies. Whether Western Union can execute smoothly in the crypto space remains to be seen, but the intent signals where traditional finance thinks the puck is going.
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BlockchainArchaeologistvip
· 21h ago
Western Union's recent move is quite interesting; they are really starting to address the inflation issue.
View OriginalReply0
MemeTokenGeniusvip
· 12-07 01:51
Western Union’s move is quite interesting—they’re finally starting to embrace reality. An old-school remittance giant playing with crypto? That shows just how much inflation is pushing people to the edge. Who can withstand a 20-30% devaluation rate? Stablecoins are definitely a real necessity at this time. Issuing their own token instead of relying on third parties—I get it: control and discourse power. Traditional finance is best at this kind of playbook. I just doubt whether they truly understand the logic of crypto... After all, how many banks that previously entered the space have actually succeeded?
View OriginalReply0
ProxyCollectorvip
· 12-07 01:43
Western Union's move is quite interesting; they've finally recognized reality. In the face of 20-30% annual inflation, those still insisting on fiat currency are truly brave.
View OriginalReply0
AlgoAlchemistvip
· 12-07 01:39
Damn, Western Union has finally entered the game... Now traditional finance is really panicking.
View OriginalReply0
BearMarketBuyervip
· 12-07 01:23
For real... they've even issued their own token, which means Western Union genuinely wants a piece of this pie—not just putting on a show.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)