- The company is targeting remittance users in high-inflation economies where the value of payments often erodes quickly.
- Western Union is building Solana-based settlement rails and a new digital asset network.
Western Union is preparing to launch an inflation-resistant “stable card” and issue its own coin as it pushes deeper into digital assets and stablecoin-based payments.
The group targets remittance users in high-inflation economies, while building Solana-based settlement rails and a new digital asset network to support the strategy.
Western Union will introduce a “stable card” aimed at customers in countries where rapid price rises erode the value of remittances. Chief financial officer Matthew Cagwin outlined the plan at the UBS Global Technology and AI conference, saying it extends a digital asset roadmap first flagged at the company’s investor day.
Cagwin cited Argentina as a key example, noting that annual inflation of about 250–300% means money sent from abroad can lose close to half its purchasing power within a month. He said Western Union sees “good utility” for a stable card that would build on its existing US prepaid card business and allow users to preserve value before converting to local currency.
See Related: USDC Popular As Remittances’ Digital Currency In Asia – Circle Report
Digital Asset Network Due In 2025
A central plank of the programme is Western Union’s Digital Asset Network, or DAN. The platform links the firm to four on-ramp and off-ramp providers and is designed to move funds between fiat and digital assets more efficiently.
The payments giant expects DAN to go live in the first half of 2025. The network will act as the infrastructure layer for future products, including the stable card, the planned coin, and stablecoin settlement services.
Western Union has selected the Solana blockchain to power its forthcoming stablecoin settlement system. The design centres on the US Dollar Payment Token (USDPT) and integrates with the Digital Asset Network, developed in partnership with Anchorage Digital Bank.
USDPT is scheduled for launch in the first half of 2026, with distribution through partner exchanges rather than directly to retail users at the outset. Western Union has filed a trademark application for “WUUSD”, pointing to a broader suite of planned crypto services.
