MoneyGram Launches USDC App for Peso Hedging in Colombia

Published: 2025-09-18 12:55:57 |

MoneyGram has launched a USDC mobile app in Colombia, enabling users to send, receive and store USD-backed stablecoin on the Stellar network via a Crossmint-powered wallet. The service hides blockchain complexity—no private key management or gas fees—and offers near-instant transfers. Recipients can protect remittance value from peso depreciation by holding USDC or converting at over 6,000 MoneyGram locations. The app, available by waitlist on iOS and Android, plans to add USD debit card functionality and deposit incentives. With Colombia’s stablecoin regulations still evolving, traders should monitor conversion fees, liquidity, and peg stability risks when using USDC for cross-border transfers.

Neutral

This news is neutral for USDC price impact. As a fully collateralized stablecoin pegged to the US dollar, USDC maintains its value stability regardless of adoption. While MoneyGram’s USDC wallet in Colombia could boost utility and transaction volume, it does not create upward price pressure on USDC itself. Traders may benefit from improved liquidity and on/off-ramp options, but short-term price movements are unlikely. Over the long term, expanded remittance use cases may reinforce USDC’s market position without affecting its peg.