Overview

• U.S. sender funds convert to USDC and arrive instantly in Crossmint-powered wallets, with balances held in Circle’s stablecoin on Stellar.
• Recipients can hold dollars in-app to counter peso depreciation or cash out to Colombian pesos at more than 6,000 MoneyGram locations.
• Planned updates include linked Visa or Mastercard spending and savings incentives, with expansion to additional Latin American corridors.
• MoneyGram emphasizes a simplified experience that hides blockchain complexity, with no private-key management or direct gas fees for users.
• Regulatory uncertainty in Colombia, along with fees, limits, and USDC peg and liquidity considerations, could shape usage and future rollout.