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Western Union, a major player in the financial services market, has announced the creation of a special payment solution aimed at helping regions with shaky economies. They plan to issue a prepaid card, the balance of which will be supported by stablecoins. The main idea is to give people the opportunity to preserve the value of money transfers where local money is rapidly depreciating.

Matthew Cagwin, chief financial officer of Western Union, explained the benefits of the new product at a conference organized by UBS. He stressed that if you send, say, 500 dollars to a country with rampant inflation, the recipient can quickly lose a significant part of this money due to the depreciation of the exchange rate. The new card should smooth out this negative effect, allowing you to store money in a stable digital form, equivalent to a dollar, until the moment when they are needed.

The development will be handled by Rain, a company known for issuing Visa cards with crypto collateral. Users will be able to pay with a card wherever Visa is accepted, or cash out funds at Western Union branches. It is a convenient combination of digital technologies and traditional money.
Western Union plans to launch its own USDPT stablecoin based on the Solana blockchain in 2026. The American cryptobank Anchorage Digital will become the issuer.

Western Union's initiatives show that stablecoins are increasingly being used not only for speculation. This money transfer giant, trusted by millions, is creating a financial instrument that can help people save their savings in difficult times.