Western Union eyes inflation-resistant ‘stable cards’ as part of its stablecoin strategy

[lingriiddd]

Western Union has unveiled plans to introduce a new “stable card” to protect users in high-inflation economies as part of its stablecoin strategy.

Speaking at the UBS Global Technology and AI conference, chief financial officer Matthew Cagwin said the initiative builds on the company’s investor-day reveal that it is moving beyond traditional cross-border payments and into a multi-pillar digital asset roadmap.

Cagwin pointed to Argentina, where annual inflation recently hit 250–300%, noting that remittances can lose nearly half their value in a month. “Imagine a world where your family in the US is sending you $500 home, but by the time you spend it in the next month, it's only worth $300,” he said.

“We can see a good utility for our stable card there, which is an increment to our prepaid card we have today here in the US,” he added.

[Nahid Hossen]

Western Union stepping into stable value products changes the game.