Stellar Development Foundation invested in MoneyGram International as a minority investor, with CEO Denelle Dixon joining MoneyGram's board. The investment aims to support MoneyGram's digital transformation and blockchain exploration to serve underbanked populations globally.
The Stellar Development Foundation announced a minority investment in MoneyGram International, using funds from its treasury. CEO Denelle Dixon has taken a seat on MoneyGram's Board of Directors. The investment will support MoneyGram's expansion into digital services, blockchain technology exploration, and financial inclusion initiatives. Stellar and MoneyGram have collaborated for two years, including launching a cash-to-crypto service. The investment reflects Stellar's commitment to positioning MoneyGram as a digital-forward fintech leader in cross-border payments and remittances.