According to reports, 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 & AI Conference that the product is designed to help address scenarios of rapid local currency depreciation and provide users with more stable purchasing power.
Taking Argentina as an example, where inflation exceeded 200% last year, stablecoin cards denominated in US dollars help remittance recipients better preserve value. Previously, Western Union also announced plans to launch the USD-pegged stablecoin USDPT on Solana in early 2026.
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According to reports, 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 & AI Conference that the product is designed to help address scenarios of rapid local currency depreciation and provide users with more stable purchasing power.
Taking Argentina as an example, where inflation exceeded 200% last year, stablecoin cards denominated in US dollars help remittance recipients better preserve value. Previously, Western Union also announced plans to launch the USD-pegged stablecoin USDPT on Solana in early 2026.