MoneyGram and the Stellar Development Foundation have renewed their partnership with a multi-year extension, deepening their collaboration on stablecoin-enabled remittances. The service, which leverages Circle's USDC on the Stellar blockchain, is now operational in Colombia and El Salvador, with plans to expand across Central and South America by 2026.

The initiative targets Latin America's $150 billion remittance market, where demand for dollar-linked digital assets remains robust. MoneyGram's app integrates Crossmint's wallet infrastructure, allowing users to hold and transfer USDC without traditional bank accounts—a strategic move for regions with high unbanked populations.

"This isn't about speculation," said MoneyGram CEO Alex Holmes during the Stellar House announcement in Mexico City. "We're building rails for stablecoins to function like cash—instant, borderless, and interoperable with local currencies."