Western Union launches stablecoin payment card

On December 6, it was reported that Western Union is developing a prepaid payment card loaded with stablecoins, specifically designed for high-inflation countries such as Argentina, aiming to help remittance recipients maintain their purchasing power. The company's CFO, Matthew Cagwin, stated that this is an extension of the existing U.S. prepaid card and is being developed in partnership with Rain, allowing users to convert stablecoins into local cash. Western Union also plans to launch its own stablecoin, USDPT, on the Solana network in 2026.