MoneyGram Partners With Stellar and USDC for Blockchain-Based Payments

MoneyGram Partners With Stellar and USDC for Blockchain-Based Payments
Traditional cross-border payments giant MoneyGram is working with the Stellar blockchain network to create instant money transfers using Circle’s USDC stablecoin, the companies announced Wednesday.The firms will start with a pilot in the fourth quarter of this year, and early 2022 will see a gradual rollout of the ledger-based stablecoin bridge between crypto and local currencies with a view toward connecting MoneyGram’s 150 million or so consumers.“Working with MoneyGram allows end consumers to have on- and off-ramps everywhere that MoneyGram’s vast agent network supports this. So this is just transformational in terms of being able to exchange crypto for fiat…