Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: Western Union will roll out a “stable card” for high-inflation economies, Strategy’s Phong Le addresses why his firm raised a $1.44 billion USD reserve earlier this week. Meanwhile Polish lawmakers fell short of the votes needed to override President Karol Nawrocki’s veto of the Crypto-Asset Market Act.
Western Union has unveiled plans to introduce a new “stable card” to protect users in high-inflation economies as part of its stablecoin strategy.
Speaking at the UBS Global Technology and AI conference, chief financial officer Matthew Cagwin said the initiative builds on the company’s investor-day reveal that it is moving beyond traditional cross-border payments and into a multi-pillar digital asset roadmap.
