Western Union is preparing its own stablecoin: how the new system will work
11 December 2025 07:13
Western Union has announced a large-scale transformation: the company is moving from classic money transfers to digital asset infrastructure and launching a new product – a “stable card” designed to protect customers in countries with high inflation. This is reported by Cointelegraph, "Komersant Ukrainian" informs
The initiative is part of Western Union’s larger strategy to develop stablecoins, digital payments, and blockchain technologies.
What is a “stable card” and who needs it
Western Union’s CFO Matthew Kegwin explained at the UBS Global Technology and AI conference that the product was created specifically for markets where the national currency is rapidly depreciating.
Example: Argentina, where inflation has reached 250-300% per year, money transfers from abroad actually lose up to half of their value in a month.
“Imagine being sent $500, and a month later it’s only worth $300. Our stable card can protect people in such countries,” Kegwin said.
“The Stable Card will complement Western Union’s existing prepaid card and allow users to
- store transfers in a stable digital asset,
- avoid inflationary losses,
- spend money at a convenient time.
Western Union plans to issue its own stablecoin
The company has officially confirmed that it is working on the launch of its own coin. Its key features are as follows:
- western Union’s distribution covers 200 countries, which gives the company a unique position for rapid scaling.
- The organization wants to control compliance, token economics, and distribution.
- The main focus is on emerging markets, where remittances make up a significant part of GDP.
“We believe we can create a market for our coin. Having our own stablecoin will allow us to control all processes, from the economy to regulatory compliance,” Kegwin emphasized.
Digital Asset Network (DAN): a new generation infrastructure
Western Union is also developing the Digital Asset Network (DAN), a platform that will unite the company with on-ramp/off-ramp service providers.
DAN is expected to be launched in the first half of 2025.
The network creates the basis for payments, tokenization, and the introduction of new crypto products.
Western Union chooses Solana to work with stablecoins
Western Union has confirmed that its future payment system will be powered by the Solana (SOL) blockchain, which is known for its speed and low fees.
The main elements of the system are
- uSDPT payment token
- a network of digital assets developed together with Anchorage Digital Bank
USDPT is expected to launch in the first half of 2026
The company has also applied for the WUUSD trademark, which includes:
- crypto wallet,
- trading instruments,
- payment processing in stablecoins.
What it means for users
- Lower losses from inflation
Stable cards will allow you to store funds in a digital asset pegged to the dollar.
- Faster and cheaper international payments
With Solana, transactions will be significantly faster than traditional bank transfers.
- A new standard for global money transfers
Western Union is actually turning into a crypto-finance company.
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