MoneyGram and Stellar announced a multi-year partnership extension expanding stablecoin infrastructure and wallet services across Latin America, including El Salvador. The partnership has reached a $1 billion annual run rate in stablecoin trading.
Anthony Suhu from MoneyGram and Danelle Seuthe from the Stellar Development Foundation discussed their five-year partnership extending stablecoin infrastructure and wallet services. MoneyGram's wallet, built exclusively on Stellar, launched in Colombia and recently went live in El Salvador, enabling users to hold USD-denominated stablecoins and cash out at MoneyGram's 500,000 retail locations globally. The partnership has achieved a $1 billion annual run rate in stablecoin trading. Key learnings from Colombia include the importance of customer education and leveraging MoneyGram's trusted physical agent network for adoption. The expansion targets retail customers, SMEs, and agent clients across Latin America, with plans for global rollout. Both speakers emphasized the partnership's focus on financial inclusion and real-world utility of stablecoins for cross-border payments.
