CompoSecure's Arculus cold storage wallet integrated with MoneyGram to enable cash-to-USDC conversion on Stellar, allowing users to deposit cash at 440,000+ MoneyGram locations worldwide and withdraw local currency. CompoSecure also received an SDF grant to develop Soroban smart contracts for direct stablecoin payments at Visa/Mastercard merchants.
CompoSecure announced the integration of its Arculus Cold Storage Wallet with MoneyGram Access, enabling users to convert physical cash to Circle USDC stablecoins on the Stellar blockchain and withdraw cash at over 440,000 MoneyGram locations across 200+ countries. The integration targets unbanked populations lacking traditional banking access. Additionally, CompoSecure received a grant from the Stellar Development Foundation to develop Soroban smart contracts that will allow stablecoin holders to make payments directly from self-custody wallets at merchants accepting Visa or Mastercard, connecting digital assets to everyday point-of-sale commerce.