Hana Wallet partners with MoneyGram, powered by Stellar and USDC, to enable instant cash withdrawals of stablecoins in Southeast Asia. Users can convert USDC to local cash at over 350,000 MoneyGram locations without banks or exchanges. This bridges digital finance with cash-based economies for freelancers, families, and businesses.
In Southeast Asia, where cash dominates daily transactions, Hana Wallet and MoneyGram have launched a partnership using Stellar's network and USDC to allow users to withdraw digital dollars as local cash in minutes. The process starts in the Hana app, where users select 'Withdraw to Cash (MoneyGram)', enter the amount, choose a pickup location, provide ID details, and receive a reference number for instant pickup. Stellar provides fast, low-cost cross-border transfers, while MoneyGram's vast network ensures accessibility. This solves key pain points like slow off-ramping, high fees, and trust issues in crypto-to-cash conversions. Targeted at freelancers, remittances, and small businesses, it makes stablecoins usable in everyday life. Raja Chakravorti of Stellar Development Foundation highlights how this turns crypto into everyday utility.
