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Western Union to Launch Payment Card Supporting Stablecoin Precharge, Targeting High Inflation Economies
Summary: In a breaking news announcement, international remittance giant Western Union has revealed plans to issue a payment card supporting stablecoin precharge, primarily targeting countries and regions with severe inflation, aiming to further integrate digital assets into payment services strategically. Western Union's Chief Financial Officer Matthew Cagwin stated that the payment card aims to provide greater ...
In a breaking news announcement, international remittance giant Western Union has revealed plans to issue a payment card supporting stablecoin precharge, primarily targeting countries and regions with severe inflation, aiming to further integrate digital assets into payment services strategically. Western Union's Chief Financial Officer Matthew Cagwin stated that the payment card aims to provide greater stability for purchasing power, especially in economies where currencies have significantly depreciated, such as Argentina where inflation exceeded 200% last year. The USD-denominated stablecoin card will help recipients of remittances better preserve value. Additionally, Western Union disclosed preparations to launch the USD Payment Token (USDPT), a stablecoin issued by Anchorage Digital on the Solana network, originally planned for release in 2026. (Criptonoticias)
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Link: Western Union to Launch Payment Card Supporting Stablecoin Precharge, Targeting High Inflation Economies [Copy]
