According to a number of stories, MoneyGram is rolling out a brand new cellular app in Colombia that lets customers obtain, maintain and transfer cash utilizing USD-backed stablecoins, particularly USDC.
The service is being positioned as a hybrid: a stored-value USD steadiness that may be funded, acquired and cashed out via MoneyGram’s current community. The launch is about to begin in Colombia earlier than a wider regional rollout.
Stablecoins Meet Money Transfer Agents
MoneyGram will use the Stellar blockchain for settlement and has partnered with Crossmint for pockets infrastructure.
Users won’t be required to deal with non-public keys or pay fuel charges straight; the blockchain work is hidden behind the app.
Reports say MoneyGram already counts greater than 6,000 retail places in Colombia, giving customers clear locations to transform between USDC and Colombian pesos.
Say hi there to a brand new method to obtain cash 💸📲
Introducing the next-generation MoneyGram® app:
🔔 Instantly obtain worldwide transfers with real-time notifications
💲 Choose to transform funds into digital {dollars} for stability, or withdraw money at a MoneyGram location
🔒… pic.twitter.com/E0CIn5QTup— MoneyGram (@MoneyGram) September 17, 2025
Why Some People Might Use It
The Colombian peso has misplaced over 40% of its worth lately, and that erosion of shopping for energy is a serious motive individuals are occupied with holding worth in a USD-pegged unit.
The app guarantees near-instant receipt of funds within the USDC steadiness, which might reduce down on delays tied to traditional remittances.
Cash-outs to pesos can be attainable at MoneyGram brokers, and the corporate is planning card options that may let customers spend in USD outdoors the nation.
As of immediately, the market cap of cryptocurrencies stood at $3.41 trillion. Chart: TradingView
Regulatory Questions Remain
Reports have disclosed that regulators, KYC and AML guidelines will form how the product is rolled out and used.
The authorized framework for stablecoins in Colombia continues to be evolving, and the way protections apply to saved USDC balances just isn’t absolutely spelled out in public paperwork. That might have an effect on limits on transfers, reporting guidelines and charges.
Image: European Pressphoto Agency
What Users Should Watch For
Fees for changing between USDC and pesos, agent commissions, and any withdrawal prices weren’t absolutely detailed within the preliminary bulletins.
Liquidity and the upkeep of the USDC peg are different elements customers ought to bear in mind. While stablecoins goal to trace the US greenback, dangers round backing, liquidity and market strain can have an effect on that peg.
MoneyGram is launching primary features first and has mentioned that debit card spending in USD and incentive applications for deposits are deliberate however not obtainable at day one.
The agency describes the app as a method to give individuals extra selection about how they maintain and transfer cash, with out requiring deep crypto data.
Featured picture from PlanetofHotels.com, chart from TradingView
Editorial Process for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent evaluation by our workforce of high know-how consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
