October 19, 2021

MoneyGram will allow customers to convert USDC stablecoins into cash

The money transfer service has partnered with the Stellar Development Foundation and will use the blockchain to instant settlements in USDC.

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MoneyGram international money transfer servicewill allow customers to seamlessly convert USDC to cash and vice versa. The company announced a partnership agreement with the Stellar Development Foundation (the issuer of the Stellar token) and plans to use the blockchain for instant settlements.

Settlement bank between Circle (issuer USDC) andMoneyGram will be presented by United Texas Bank. The international transfer service plans to launch a new service in selected regions by the end of this year. The service will be rolled out to all clients of the company in 2022.

After the publication of the MoneyGram press release, the Stellar token has risen in price by 20%. Its price reached $ 0.36, and its capitalization rose to $ 8.5 billion, according to CoinGecko. Stellar has dropped in price by 16% over the month.

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