MoneyGram and Stellar Renew Deal To Expand Stablecoin Access Worldwide

TLDR

• MoneyGram and Stellar signed a multi-year extension of their partnership.
• The MoneyGram app stablecoin balance is live in Colombia and El Salvador.
• The service runs on Stellar with Crossmint and Circle’s USDC support.
• MoneyGram says it serves customers in more than 200 countries and territories.
• More Latin American markets are expected to launch during 2026.

MoneyGram and the Stellar Development Foundation have extended their partnership for multiple years. The move builds on work that started in 2021. It also marks a wider push to connect stablecoins with everyday payments. The latest phase focuses on Latin America, where remittance demand remains strong.

The companies announced the extension in Mexico City during Stellar House. They said the goal is to expand stablecoin use in practical ways. The service is already live in Colombia, and it has now launched in El Salvador. More markets in Central and South America are expected this year.

Stablecoin services expand in Latin America

MoneyGram said its app now supports a stablecoin balance in more places. The feature lets users receive funds, hold a dollar-based balance, and cash out later. The service uses the Stellar network and works with Crossmint and Circle’s USDC. The company said this helps users manage funds on their own terms.

The Colombia rollout came before the El Salvador launch. MoneyGram said Colombia showed strong user engagement and adoption. Based on that result, the company expanded the same service to El Salvador. It added that more launches across the region are planned during 2026.

The service targets users who still depend on cash for daily spending. That includes families that receive cross-border remittances often. With the app, users can move between digital dollars and local cash. They can also cash out through MoneyGram locations when needed.

MoneyGram said the aim is to offer faster access to money and more control. This model also combines digital tools with a physical retail network. That matters in markets where bank access remains uneven. As a result, the service tries to meet users where they already are.

Partnership builds on earlier stablecoin work

MoneyGram and Stellar said their partnership has produced several firsts since 2021. These include a large cash on and off-ramp network for digital assets. They also launched the MoneyGram Ramps API for developers. In addition, the MoneyGram app now includes a stablecoin balance feature.

Anthony Soohoo, Chairman and CEO of MoneyGram, said the company is focused on open payments. He said, “Everyone talks about financial inclusion. MoneyGram is delivering it.” He added that the network supports both fiat and stablecoin transactions. He said this can help lower costs and improve speed.

Soohoo also said the partnership has moved stablecoins beyond wallet-to-wallet transfers. He said, “Today, we’re proving they can fundamentally change how millions send, receive and hold money across borders.” The companies said they want to keep scaling services with clear daily use. Their focus remains on users who rely on remittances and cash-based channels.

Global reach and blockchain support shape the next phase

The two groups said their strengths fit together closely. Stellar provides blockchain infrastructure built for payment use cases. MoneyGram brings a retail and digital network that reaches many regions. The company said it serves customers in more than 200 countries and territories.

MoneyGram also said it has nearly 500,000 retail locations worldwide. That network supports customers who need cash access. At the same time, Stellar offers fast settlement and low fees for digital transfers. Together, the companies said they can connect digital assets with familiar payout options.

Denelle Dixon, CEO and Executive Director of SDF, said the partnership supports broader access. She said, “Together, we’re expanding access, lowering costs and enabling instant cross-border payments at scale.” The latest extension shows that both groups want to keep building on this model. Their next steps will center on more market launches and broader global reach.

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