News Explorer — MoneyGram Introduces Stablecoin-Backed App in Colombia

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Sep 17, 6:45 pm

Blockworks

MoneyGram Introduces Stablecoin-Backed App in Colombia

MoneyGram has launched a new mobile app in Colombia using USD-pegged stablecoins on the Stellar blockchain to modernize cross-border remittances. The app allows instant money transfers into a US dollar balance backed by Circle’s USDC stablecoin, addressing the volatility of local currencies like the Colombian peso.

MoneyGram has launched a new mobile app in Colombia using USD-pegged stablecoins on the Stellar blockchain to modernize cross-border remittances. The app allows instant money transfers into a US dollar balance backed by Circle’s USDC stablecoin, addressing the volatility of local currencies like the Colombian peso.

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