Key Takeaways:
Moneygram expands USDC services to boost cross-border remittance access. Stellar enables faster, lower-cost transactions through blockchain rails. Circle-backed infrastructure signals continued stablecoin adoption growth. Moneygram Expands Stablecoin Reach Across Latin AmericaThe expanded agreement outlines a multi-year effort to grow digital asset settlement capabilities using USD Coin (USDC) across key remittance regions. Revealed during an industry gathering in Mexico City, the initiative increases access to the company’s stablecoin-enabled services throughout Latin America.
“Everyone talks about financial inclusion. Moneygram is delivering it,” Chairman and CEO Anthony Soohoo stated, adding:
Stellar Partnership Supports Faster Remittance SettlementThe rollout builds on prior deployments in Colombia, 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. Since 2021, the partnership has developed key tools, including a developer-facing API and one of the largest cash on/off-ramps for digital assets, addressing demand from cash-reliant populations dependent on remittances.
Stellar Development Foundation CEO Denelle Dixon explained the broader vision behind the initiative:
