A major remittance giant is stepping into the stablecoin arena with a fresh twist. Western Union's planning to roll out what they're calling a "stable card" — basically a product designed to shield people in countries getting hammered by inflation from watching their money evaporate.
The concept's pretty straightforward: when you're sending cash across borders to places where local currencies are tanking, this card would help lock in value using stablecoins. It's Western Union pushing beyond just moving money around and actually trying to protect what that money's worth when it lands.
They're tapping into the usual suspects in the stablecoin game — USDC, PYUSD, RLUSD, USDT — to make this work. For folks dealing with double-digit inflation back home, having funds pegged to something stable instead of a crumbling local currency could be a genuine lifeline.
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A major remittance giant is stepping into the stablecoin arena with a fresh twist. Western Union's planning to roll out what they're calling a "stable card" — basically a product designed to shield people in countries getting hammered by inflation from watching their money evaporate.
The concept's pretty straightforward: when you're sending cash across borders to places where local currencies are tanking, this card would help lock in value using stablecoins. It's Western Union pushing beyond just moving money around and actually trying to protect what that money's worth when it lands.
They're tapping into the usual suspects in the stablecoin game — USDC, PYUSD, RLUSD, USDT — to make this work. For folks dealing with double-digit inflation back home, having funds pegged to something stable instead of a crumbling local currency could be a genuine lifeline.