How will Western Union’s Stablecoin Card help in 200% inflation countries?

As PYUSD and RLUSD put up big numbers, stablecoins are moving in unprecedented ways. Add to that the widening gap in USDC activity across blockchains, and it’s clear that the market is alive.Western Union’s next move is about protecting people from inflation.At the UBS Global Technology and AI Conference, CFO Matthew Cagwin confirmed that the company is developing a prepaid stablecoin card designed for countries where local currencies lose value quickly.The idea is to give users a way to hold USD-pegged value instead of watching their savings erode.In places like Argentina, where inflation surged past 200% last year, a product like this can make a difference. Western Union is also preparing to launch its own USD-backed stablecoin, USDPT, on Solana in early 2026.The bigger pictureThis push comes at a time when stablecoins are expanding faster than ever.Source: XPayPal’s PYUSD supply on Solana has surged from roughly $250 million at the start of the year to more than $1 billion, a 4x increase!Source: XRipple’s RLUSD is growing just as quickly, now sitting at around $1.1 billion in circulating supply. Demand for dollar-backed assets is rising across different networks, and fintech giants are following the light.AMBCrypto previously reported that the IMF warned this rapid expansion may come with unintended consequences, noting that U.S. dollar-backed stablecoins already control 99.7% of supply and could trigger up to $1 trillion in capital outflows from emerging markets.The IMF added that stablecoins “are the antithesis of decentralization,” since they rely on trust in issuers rather than code. This concern is now resurfacing as major companies enter the space.USDC — Same, but differentThe change in demand, however, becomes clearer when you look at how USD Coin [USDC] actually moves across chains. The chart shows the average transfer on Ethereum [ETH] is roughly $100,000.This means that large traders, institutions, and on-chain businesses dominate activity there.Source: XOn Polygon, that average is closer to $500, with everyday payments, micro-transactions, and consumer-level usage. It’s the same dollar, but two completely different economies.It’s obvious that stablecoins are segmenting. Any company trying to build for global users will need to meet both the big-money flows and the day-to-day spenders where they are.Final ThoughtsWestern Union’s stablecoin card could protect users in high-inflation countries with USD-backed savings.Stablecoins are rapidly segmenting, serving both micro-transactions and institutional flows.