Western Union is developing a prepaid stablecoin card aimed at countries experiencing high inflation. CFO Matthew Cagwin announced at the UBS Global Technology and AI Conference that the product is designed to help users protect their purchasing power against rapid currency depreciation. [Update 1] Following initial reports of the initiative, market commentary indicates that Western Union will utilize the Solana blockchain for this project. The initiative reportedly involves a "USDPT" token and has the potential to transform 600,000 physical locations into stablecoin on/off ramps. Traders and observers have noted that the choice of Solana underscores the network's efficiency for high-volume remittance flows compared to other blockchains.