news3h ago

Moneygram Has Extended Its Five-Year Strategic Partnership With The Stellar Development Foundation (@Stellarorg), With The Two Organisations Pushing Further Into Stablecoin-Based Financial Services Across Latin America.

Building on an initial rollout in Colombia, MoneyGram (@MoneyGram) has now launched native stablecoin balance features within its mobile app for users in El Salvador. The integration runs on the $XLM network, providing cash-to-digital on-ramps and off-ramps for everyday consumers.

El Salvador is a notable market for this kind of service. The country made Bitcoin legal tender in 2021 and has since positioned itself as a testing ground for digital asset adoption, making it a logical next step for MoneyGram's stablecoin expansion in the region.

The renewed partnership signals MoneyGram's continued bet on blockchain infrastructure to modernise cross-border remittances, a market where speed and cost remain persistent pain points for millions of users across Latin America and beyond.

Moneygram Has Extended Its Five-Year Strategic Partnership With The Stellar Development Foundation (@Stellarorg), With The Two Organisations Pushing Further Into Stablecoin-Based Financial Services Across Latin America.

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