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Western Union to Issue Payment Card Supporting Stablecoin Preload
BlockBeats News, December 6th: Payment giant Western Union announced that it will issue a prepaid card supporting stablecoin payments, primarily targeting countries and regions with high inflation at the current stage, further expanding its strategy of integrating digital assets into payment services. Matthew Cagwin, CFO of Western Union, stated that the prepaid card is intended to provide greater stability of purchasing power, especially in economies where the currency has significantly depreciated, such as Argentina, where inflation exceeded 200% last year. A USD-denominated stablecoin card helps remittance recipients better preserve the value of their funds.
Earlier, Western Union announced that its USD stablecoin is named USDPT. Additionally, it will launch a digital asset network to connect the digital world with the fiat world, enhancing the utility of digital assets in the real world. Western Union expects USDPT to be listed in the first half of 2026.
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