Moneygram and Stellar Expand #USDC Push Amid Stablecoin Growth
Payments firm Moneygram International Inc. announced on April 22 an
extended partnership with the Stellar Development Foundation (SDF),
targeting broader real-world stablecoin utility and faster, lower-cost cross-border transactions.
Revealed during an industry gathering in Mexico City, the initiative
increases access to the company’s stablecoin-enabled services throughout
Latin America.
Chairman and CEO Anthony Soohoo stated, adding:
“We are building an open payments network that moves seamlessly across fiat and stablecoin, enabling faster, lower-cost transactions, starting with the people who need it most.”
Stellar Partnership Supports Faster Remittance Settlement:
where users can receive funds in a USD-denominated balance, hold digital
dollars, or convert to cash. The service has now reached El Salvador,
with further expansion planned across Central and South America.
The system operates through Stellar alongside Crossmint and Circle,
enabling near-instant settlement and flexible cash access across
Moneygram’s global network spanning more than 200 countries and
territories.
Stellar Development Foundation CEO Denelle Dixon explained the broader vision behind the initiative:
“Together, we’re expanding access, lowering costs and enabling instant cross-border payments at scale, delivering the power of blockchain in ways that are seamless and intuitive for customers.”