MoneyGram, a remittance-focused company, announced a new pilot in the Stellar    Blockchain  after inking a partnership with the Stellar Development Foundation (SDF). According to the blog post, both parties agreed to launch a live cash-in and cash-out pilot in the US.

In early October, MoneyGram International announced a partnership with the Stellar Development Foundation to integrate the Stellar blockchain into MoneyGram’s network and enable cash funding and payout in local currency with Stellar USDC, complete with near-instant backend settlement capabilities. This collaboration between MoneyGram and SDF has enabled one of the quickest, most seamless integrations yet!

Larry Angelilli was honored on Nov. 10 as a CFO of the Year Awards honoree. Click here for more coverage of the event and its honorees. For Larry Angelilli, Executive VP & CFO for MoneyGram International (Nasdaq: MGI), the biggest changes about conducting business in a post-pandemic world may be inspired by how well things worked during the pandemic.    

Money transfer and remittance firm MoneyGram has announced that it is forming a partnership with Stellar Development Foundation, the non-profit organization leading development and growth for the open-source Stellar blockchain network, and Circle, the blockchain development firm behind the USD Coin stablecoin ($USDC).

Money transfer firm MoneyGram is partnering with the Stellar Development Foundation to enable crypto payouts in local currencies for users, according to a Wednesday announcement. The partnership will see MoneyGram utilize Circle's USDC to settle payments and convert payouts to a user's local currency.

Financial payments service company MoneyGram is partnering with the Stellar Development Foundation (SDF) to integrate its network with the Stellar blockchain and Circle’s USD Coin (USDC), the company said. The partnership will provide customers with the ability to convert cash to USDC and vice versa.

MoneyGram Announces Innovative Partnership with the Stellar Development Foundation to Utilize Blockchain Technology; Terms Not Disclosed

Traditional cross-border payments giant MoneyGram is working with the Stellar blockchain network to create instant money transfers using Circle’s USDC stablecoin, the companies announced Wednesday. The firms will start with a pilot in the fourth quarter of this year.

MoneyGram International Inc. is partnering with a non-profit that oversees a public blockchain to use its technology to speed up money transfers and payments settlements. The partnership with Stellar Development foundation will integrate MoneyGram’s network with the Stellar blockchain to facilitate payments using Circle Internet Financial’s USD Coin.

MoneyGram International, Inc., one of the largest money transfer services in the world, is partnering with the Stellar Development Foundation, a non-profit organization that supports the development of Stellar, a blockchain network that facilitates cross-border transactions. The Stellar network utilizes the XLM coin to operate, currently priced at $0.327 with a $7.8 billion market capitalization.