Particle.news
Download on the App Store
6 ARTICLES
·
15h ago

Western Union Maps Out Stablecoin Push With Dollar Token and Prepaid 'Stable Card'

The company is building a Solana-based dollar token for 2026 to preserve remittances in high-inflation economies.

Western union plans stablecoin prepaid card for countries battling inflation
Western union eyes inflation resistant ‘stable cards’ as part of its stablecoin strategy
New western union ‘stable card’ targets remittance losses in argentina and beyond
Image

Overview

  • CFO Matthew Cagwin detailed a stablecoin-backed prepaid card intended to hold value for recipients in countries like Argentina facing rapid currency depreciation.
  • Western Union plans to introduce a US Dollar Payment Token (USDPT) on Solana co-developed with Anchorage Digital, with a rollout targeted for 2026.
  • The firm selected Solana as its settlement layer as it builds token, wallet, and settlement infrastructure for cross-border payments.
  • A partnership with Rain will support Visa-linked stablecoin cards and let users convert digital assets to local cash at Western Union branches.
  • Executives described a Digital Asset Network to connect on- and off-ramps, though reports differ on timing, with references to launches in either H1 2025 or H1 2026.