Western Union launches “Stable Card” – first step into digital finance?
- Western Union is developing a prepaid card that is backed by stablecoins to ensure the value of card balances is maintained.
- The project complements the launch of the USDPT in the first half of 26, with access secured by cooperating exchanges.
At the annual UBS Global Technology and AI Conference in early December 2025, Western Union Executive Vice President and Chief Financial Officer Matthew Cagwin made new announcements Insights in the company’s digital strategy.
In a discussion moderated by Timothy Chiodo of UBS Investment Bank’s Research Division, Cagwin outlined Western Union’s vision for a full-service digital platform and described the key pillars supporting this transformation.
Die Stablecard
One of the most notable components of this strategy is what Cagwin calls a “stablecard.” He explained that the product works similarly to a traditional payment card, but is specifically designed to provide financial stability to customers in hyperinflationary countries. Cagwin said:
“Imagine a card like this, but with a much more stable utility in a country with high inflation. I have a large workforce in Argentina. Can you imagine living in a country where inflation was 250 to 300 percent last year?”
Cagwin also highlighted that the company’s foray into digital assets could shorten settlement times, reduce reliance on correspondent banks and streamline global liquidity management.
Another pillar is Western Union’s plan to issue its own digital coin, which the company wants to distribute across its network of over 200 countries. This would put Western Union directly into the growing digital currency ecosystem and offer its customers more ways to send, hold and convert value.
Cagwin also noted Western Union’s progress in Europe and its global expansion strategy. In August, the company announced its agreement takeover from International Money Express, Inc. (Intermex) in an all-cash transaction priced at $16.00 per IMXI share.
The acquisition is expected to expand reach to Intermex’s six million customers and strengthen the company’s presence in key migration corridors. The transaction is expected to close in mid-2026, subject to regulatory approval.
In October, Western Union announced plans to launch its own stablecoin USDPT, built on the Solana blockchain and issued through the government-regulated Anchorage Digital Bank. The company expects the token to be available in the first half of 2026.
Along with USDPT, Western Union also unveiled its “Digital Asset Network,” a system that enables customers, agents and partners to send, receive, hold, issue and convert stablecoins while connecting these assets directly to the company’s existing fiat money infrastructure.
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