International money transfer giant Western Union will launch payment cards that support stablecoin pre-charges in high-inflation economies.
AI Summary1 min read
TL;DR
Western Union is launching a payment card that supports stablecoin pre-charges, initially targeting high-inflation economies like Argentina to help preserve purchasing power. The card is part of their strategy to integrate digital assets into payment services.
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Western Unionstablecoinpayment cardhigh inflationdigital assets
According to Mars Finance, Western Union, a global money transfer giant, has announced the issuance of a payment card that supports pre-charged stablecoins. Initially targeting countries and regions experiencing high inflation, the card aims to further expand its strategy of integrating digital assets into payment services. Matthew Cagwin, CFO of Western Union, stated that the payment card primarily provides greater stability to purchasing power, especially in economies with significant currency depreciation, such as Argentina, where inflation exceeded 200% last year. The USD-denominated stablecoin card helps remittance recipients better preserve the value of their funds. Furthermore, Western Union revealed that it is also preparing to launch USDPT, a USD payment token issued by Anchorage Digital on the Solana network, previously planned for a 2026 launch.