MoneyGram Launches USDC Stablecoin App on Stellar

Published: 2025-09-18 15:54:33 |

MoneyGram has launched a USDC stablecoin app on the Stellar blockchain, starting a pilot in Colombia to speed up cross-border remittances. The mobile tool, built with Crossmint integration, holds customer balances in Circle’s USDC, allowing transfers to settle in minutes instead of days. Focusing on fiat-to-stablecoin remittances rather than full crypto wallets, the service aims to reduce fees and increase financial access for unbanked users. This model echoes Ripple’s institutional payments strategy but targets consumer simplicity. Traders should monitor rising USDC transaction volumes and potential competition among stablecoin solutions, though the limited asset range suggests a neutral short-term price impact on USDC.

Neutral

Although MoneyGram’s USDC stablecoin app on Stellar is likely to drive higher transaction volumes and broader stablecoin adoption, the pegged nature of USDC means its price should remain stable. In the short term, traders may see increased liquidity and tighter spreads on USDC trading pairs, but no significant price movements. Over the long term, improved remittance use cases and growing on-chain volume could boost USDC’s market depth and utility without affecting its peg. Therefore, the overall price impact on USDC is neutral.