Hana partners with MoneyGram to enable instant USDC-to-cash withdrawals at MoneyGram locations across Southeast Asia using the Stellar blockchain. This integration bridges digital stablecoins with local cash economies, targeting remittances, freelancers, and underbanked users. Stellar's settlement rails power the secure, non-custodial Hana Wallet experience.
Hana announces a partnership with MoneyGram to launch crypto-to-cash off-ramps in Southeast Asia, allowing users to convert USDC from the Hana Wallet into local currency cash at MoneyGram locations instantly. This addresses the region's cash-dominant economy, high remittance flows, and growing crypto adoption by providing a simple, bank-free bridge between stablecoins and everyday money. Stellar provides the underlying blockchain infrastructure for fast, borderless settlements, as highlighted by Stellar Development Foundation's Chief Business Officer. The service eliminates intermediaries, enhances financial inclusion, and plans expansion to more APAC and emerging markets. Key benefits include dollar savings, instant cross-border payments, and usability for families, freelancers, and small businesses.
