Moneygram and Stellar Expand USDC Push Amid Stablecoin Growth

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Moneygram and Stellar Expand USDC Push Amid Stablecoin Growth

Sending money internationally using stablecoins is becoming more common, making cross-border transfers faster and giving more people access to digital dollar services. MoneyGram working more closely with Stellar shows that blockchain technology is increasingly being used in everyday financial transactions.

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 America

Stablecoin infrastructure is gaining institutional traction as firms expand blockchain-based payment rails across emerging markets. 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.

The new agreement details a long-term plan to improve how digital assets are settled using USD Coin (USDC) in important remittance areas. Announced at an event in Mexico City, this project will make the company’s stablecoin services more widely available across Latin America.

Moneygram is actively working to make financial services accessible to everyone, according to Chairman and CEO Anthony Soohoo.

“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.”

The executive also shared on social media platform X: “Five years ago, we started turning stablecoins into real-world money infrastructure for the billions of people without access to traditional financial services. Colombia was the first market. Today, we are bringing this to El Salvador, with many more markets across the world to follow this year.” The firm continues integrating blockchain rails with traditional infrastructure to support faster global payments.

Stellar Partnership Supports Faster Remittance Settlement

Following successful launches in Colombia – where people can receive, hold, and convert U.S. dollar-based funds – this service is now available in El Salvador. Plans are underway to expand it throughout Central and South America.

This system uses Stellar, Crossmint, and Circle to provide fast and easy money transfers through Moneygram’s network, which reaches over 200 countries. Working together since 2021, they’ve built tools like an API for developers and a major way to convert between digital currencies and cash, helping people who rely on remittances and prefer using cash.

Denelle Dixon, CEO of the Stellar Development Foundation, shared the overall goal of the project.

“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.”

The partnership reflects continued efforts to integrate blockchain infrastructure into mainstream financial services while improving transaction efficiency for underserved regions.

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2026-04-22 18:27