The post Western Union Explores Solana for Stable Token and Settlement Network appeared on BitcoinEthereumNews.com.

Western Union is integrating Solana blockchain to develop its own token, wallet, and settlement network, aiming to launch a stablecoin-like “stable card” for inflation-hit regions by 2026. This move protects remittances from value erosion in volatile economies. Western Union shifts to blockchain for secure, efficient global transfers using Solana’s high-speed network. The initiative includes a US Dollar Payment Token (USDPT) co-developed with Anchorage Digital Bank for stable value storage. With operations in 200 countries, Western Union leverages its reach to distribute the token via retail counters, targeting 40% of GDP in some remittance-dependent nations. Discover how Western Union Solana integration revolutionizes remittances with a new token and wallet system. Protect funds from inflation—explore the future of digital payments today. What is Western Union Doing with Solana for Its Token and Settlement Network? Western Union Solana integration marks a pivotal shift for the legacy financial services provider into blockchain technology. The company is building a comprehensive ecosystem featuring its own stable token, digital wallet, and a settlement network powered by Solana’s efficient blockchain. This strategy addresses longstanding challenges in cross-border payments, particularly in high-inflation environments, by offering a “stable card” that preserves the value of incoming funds. How Does Western Union’s Stable Card Protect Against Inflation? Western Union’s stable card represents an evolution of its traditional prepaid offerings, now enhanced with blockchain stability. In countries like Argentina, where inflation rates exceeded 200% annually according to recent economic reports from the International Monetary Fund, traditional remittances lose significant purchasing power within weeks. The card, pegged to a dollar-based asset, shields recipients from such devaluation, allowing funds to retain value until spent. Executives, including CFO Matthew Cagwin, highlighted this need during discussions at global technology forums. Cagwin noted that a $500 remittance could effectively diminish to $300 in real terms due to spiraling…

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Filed under: News - @ December 7, 2025 2:19 am