Western Union plans to introduce a “stable card” to protect users in high-inflation economies. CFO Matthew Cagwin discussed the initiative at the UBS Global Technology and AI conference, highlighting the impact of inflation on remittances. The company also intends to issue its own coin and launch the Digital Asset Network in the first half of 2025.

Western Union has chosen Solana blockchain for its upcoming stablecoin settlement system. The system will be based on the USD Payment Token (USDPT) and a new Digital Asset Network developed with Anchorage Digital Bank. USDPT is set to launch in the first half of 2026, with distribution through partner exchanges. The company has also filed a trademark application for “WUUSD” for crypto services.

Read more at Cointelegraph: Western Union to Launch Stable Card, Issue Its Own Coin