MoneyGram partnered with the Stellar Development Foundation to enable USDC cash funding and payouts in local currency with near-instant settlements, expanding access to digital assets and cross-border payments.
MoneyGram announced a partnership with the Stellar Development Foundation to integrate USDC stablecoin functionality into its global payment network. The partnership enables customers to convert USDC to cash or vice versa, with near-instant back-end settlements that improve efficiency and reduce risk. The collaboration aims to bridge digital currencies with local fiat currencies, providing cash users faster access to digital asset services and expanding financial inclusion. MoneyGram CEO Alex Holmes highlighted the company's focus on blockchain-enabled settlement and cross-border payment innovation, while SDF CEO Denelle Dixon emphasized how the partnership demonstrates blockchain technology's potential to enhance the existing financial system.