MoneyGram launched a next-generation mobile app in Colombia powered by Stellar and USDC stablecoins, enabling users to instantly receive, hold, and spend USD-backed funds across borders without traditional banking infrastructure.
MoneyGram announced its next-generation mobile app launching first in Colombia, featuring a USD-backed stored value account built on Stellar blockchain and powered by Circle's USDC stablecoin. The app enables users to instantly receive funds, hold them in stable USD, and cash out or spend globally without currency devaluation risk or bank account requirements. The platform is built on Stellar for fast, low-cost payments and uses Crossmint for wallet infrastructure. MoneyGram plans to expand to additional markets and add features like debit card spending and savings options. This represents MoneyGram's evolution from a traditional remittance network into a stablecoin-native payments platform.