MoneyGram integrates Crossmint's wallet and stablecoin infrastructure on the Stellar Network to enable instant USDC remittances, allowing recipients to receive, save, spend, and earn rewards without cash pickup lines. This setup protects against local currency devaluation and provides access to additional financial services. The platform launched in just over two months thanks to Crossmint's APIs.
MoneyGram, serving 50 million people across 200 countries, is revolutionizing remittances by partnering with Crossmint to use USDC on the Stellar Network. Senders use the familiar MoneyGram app or locations, while recipients get instant USDC in an embedded Crossmint wallet within the app, bypassing cash collection inefficiencies. Recipients can save in stable USD, cash out as needed, and access more services, all abstracted from blockchain complexity. Crossmint handles minting, treasury management, and transfers via simple APIs, enabling a rapid two-month launch without blockchain expertise. This model cuts costs, speeds up transfers, and opens new revenue streams for underbanked users. Crossmint's infrastructure supports any fintech in embedding stablecoins across 50+ chains with compliance-ready designs.
