Moneygram International Inc. has announced an expanded partnership with the Stellar Development Foundation to enhance its USD Coin (USDC) services across Latin America. This initiative aims to boost cross-border remittance access by leveraging blockchain technology for faster and more cost-effective transactions. The partnership, revealed at an industry event in Mexico City, marks a multi-year effort to integrate stablecoin infrastructure into key remittance regions, starting with El Salvador and expanding further across Central and South America.
The collaboration with Stellar, alongside Crossmint and Circle, enables near-instant settlement and flexible cash access through Moneygram's extensive global network. This expansion builds on previous deployments in Colombia, where users can manage digital dollars or convert them to cash. Moneygram's CEO, Anthony Soohoo, emphasized the company's commitment to financial inclusion by creating an open payments network that seamlessly integrates fiat and stablecoin transactions. The initiative reflects ongoing efforts to incorporate blockchain infrastructure into mainstream financial services, enhancing transaction efficiency for underserved populations.
Moneygram Expands USDC Services in Latin America with Stellar Partnership
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