💸💸Western Union Launches Stablecoin Card to Fight Inflation💸💸
💰💰Western Union is preparing a new prepaid card powered by a dollar-backed stablecoin, giving people in high-inflation countries a way to protect their money from losing value.💰💰
How It Works
The card uses USDPT, a new stablecoin pegged to the US dollar.
Built on the Solana blockchain for fast, cheap transactions.
Users convert local currency → USDPT → spend with the card at regular merchants.
Why It Matters
Millions in places like Argentina, Turkey, and Venezuela face collapsing currencies. This card offers:
Stable value protected from inflation
Easy everyday spending
Financial access without a bank account
Low fees and fast transfers
What’s Next
Launch expected early next year
Regulatory approvals and user education remain key challenges
If successful, this could be a major step in bringing digital dollars to the masses
Quick FAQs
Stablecoin card? A prepaid card backed by a dollar-pegged crypto asset.
Need a wallet? Likely no — Western Union will handle the crypto part.
Where available? Targeting high-inflation regions first.
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