MoneyGram and Crossmint Launch USDC-Powered Remittance Corridor to Colombia

MoneyGram has teamed up with Crossmint to launch a blockchain-based remittance service utilizing USDC for cross-border transfers between the U.S. and Colombia. The partnership leverages Crossmint's enterprise-grade wallet infrastructure to facilitate instant, low-cost transactions.

Colombian recipients gain access to USDC savings and Visa-linked spending options, addressing financial inclusion challenges. This service represents MoneyGram's strategic shift toward decentralized payment networks, with expansion plans across Latin America.

This initiative highlights growing institutional adoption of stablecoins for real-world financial applications. By bridging traditional finance with blockchain technology, the partners aim to disrupt the $800 billion global remittance market.