According to the companies, the multi-year agreement uses Stellar, Crossmint, and Circle’s USDC to expand stablecoin remittances, with service now launched in El Salvador after Colombia.
MoneyGram and the Stellar Development Foundation extended their partnership for multiple years to expand stablecoin-based remittance services using Stellar, Crossmint, and Circle’s USDC. The companies announced the agreement on June 22 at the Stellar House event in Mexico. The service, previously launched in Colombia, has now also launched in El Salvador, expanding blockchain-based money transfer availability in Latin America.