MoneyGram is launching a stablecoin-based cross-border payment solution in Colombia powered by Stellar, Crossmint, and Circle's USDC. The mobile app lets users receive funds instantly, store USD stablecoins, and cash out globally with lower fees and faster settlement than traditional methods.
MoneyGram announced a new stablecoin-based cross-border finance solution launching in Colombia via an updated mobile app, with a waitlist now open. The solution uses Stellar's blockchain, Crossmint's wallet infrastructure, and Circle's USDC stablecoin to enable instant fund receipt into USD balances, stablecoin storage, and global cash-out or spending. Users get a digital dollar-backed stored value account supporting both fiat and stablecoins. MoneyGram CEO Anthony Soohoo framed this as a step toward universal financial access. The company previously launched MoneyGram Ramps API in May for crypto on/off-ramp integration and partnered with Arculus in April for cash-to-USDC conversion at MoneyGram locations worldwide.