MoneyGram Makes Stablecoins the Backbone of Its Next-Generation App
MoneyGram has officially launched its new MoneyGram USDC app in Colombia, marking a significant step in its digital transformation. The updated mobile experience focuses on blockchain settlement and USD-pegged stablecoins, aiming to make transactions faster, cheaper, and more transparent. This move highlights MoneyGram’s effort to merge its global money transfer network with the advantages of digital assets, offering users a modern way to send and receive money.
In this first release, Colombian users can now receive funds directly in USDC on Stellar, stored safely through a Crossmint-powered wallet. The service provides a seamless entry point for individuals to access stablecoin-powered transfers without needing advanced crypto knowledge. With this launch, MoneyGram is preparing to expand into other markets, further broadening access to blockchain-based remittances worldwide.
How the app works and who it serves
What’s new
Stablecoin rails:
The app settles in USDC and moves funds over the Stellar network, aiming for fast, low-cost transfers and real-time settlement.Wallet layer
Crossmint provides embedded wallet infrastructure and stablecoin orchestration, abstracting blockchain complexity for end-users.Cash + digital
MoneyGram ties digital balances to its retail footprint, positioning the app for cash-in/cash-out where needed. The firm cites a near-500,000-location global network. Morningstar
Why Colombia first
MoneyGram points to Colombia’s role as a major inbound remittance corridor and its extensive local agent network (6,000+ locations). The company says stablecoin balances can help recipients preserve dollar value and access funds quickly.
Features, partners and rails
Core stack
USDC (Circle)
A widely used dollar-backed stablecoin; Stellar is one of its supported networks.Stellar blockchain
Optimized for cross-border value transfer with low fees and finality; MoneyGram has previously integrated Stellar for cash-to-crypto services.Crossmint
Wallet and stablecoin payments infrastructure embedded in the app’s experience.
What users can do at launch
Receive remittances directly into a USDC balance
Hold funds in dollars on Stellar
Access MoneyGram’s agent network for cash services (where available)
Executive remarks and regulatory backdrop
“Stablecoins really are the killer app for crypto and I think we’re just at the dawn of all the possibilities. Our customers are able to hold and store a currency that is stable and allows for real time settlement. And with the GENIUS Act passed in the US, we now have a framework in terms of how it’s going to be regulated and how we can work with it.” Anthony Soohoo, CEO, MoneyGram (interview)
What the MoneyGram USDC app Colombia launch includes
Colombia-first availability with plans to add markets “in the near future.”
Stablecoin custody via embedded wallet (Crossmint); USDC on Stellar for settlement.
Retail network integration for bridging digital balances and cash needs.
Regulatory backdrop for the MoneyGram USDC app Colombia launch
The U.S. GENIUS Act of 2025 created a federal framework for payment stablecoins, including reserve and disclosure requirements policy momentum that MoneyGram references as it expands digital offerings.
Context & Analysis
Analysis MoneyGram’s move formalizes years of pilots linking cash services to on-chain USDC via Stellar. Launching in a high-remittance market with deep agent coverage tests whether stablecoin balances can reduce volatility exposure and payout friction for recipients while preserving familiar cash options. The timing also tracks with the GENIUS Act, which gives large intermediaries clearer compliance pathways for dollar-denominated stablecoins.
Conclusion
MoneyGram is moving stablecoins from a limited pilot into the core of its consumer app, beginning with Colombia as the first market. This shift marks a major step in integrating blockchain technology and on-chain dollars into mainstream money transfers, showing the company’s intent to expand this model globally.
The success of this rollout will depend on several factors, including how smooth the user experience is, the level of agent participation, competitive fee structures, and how regulations evolve. With its extensive global cash network, MoneyGram is well-positioned to bridge traditional remittances with stablecoin-powered digital finance.
FAQs
Q: What is launching today?
A : MoneyGram released a next-gen app in Colombia that lets recipients hold and receive USDC on Stellar via a Crossmint-powered wallet.
Q : How does USDC on Stellar help users?
A : It targets faster settlement and low fees while keeping balances in a dollar-pegged asset.
Q : Is this tied to new U.S. stablecoin rules?
A : Yes. The company references the U.S. GENIUS Act of 2025, which created a federal framework for payment stablecoins.
Q : Will cash pickup still be possible?
A : MoneyGram says its large retail network remains central, bridging digital balances and cash needs.
Q : Where is the service available now?
A : Colombia first, with plans to expand to additional markets.
Q : Who built the wallet layer?
A : Crossmint provides the wallet and stablecoin payments infrastructure.
Q : Does the app support other stablecoins?
A : The launch focuses on USDC; future support was not detailed at announcement.
Q : What is the MoneyGram USDC app Colombia launch?
A : It’s MoneyGram’s rollout of a USDC-powered app in Colombia, integrating Stellar rails and Crossmint wallets.