MoneyGram and Stellar Expand Stablecoin Services Across Latin America in Five-Year Partnership Milestone

MoneyGram and Stellar Development Foundation have marked five years of collaboration by expanding their stablecoin-based remittance services across Latin America, extending access to digital financial tools in key markets including El Salvador.

The expansion introduces new capabilities that allow recipients to receive remittances in stablecoins, offering greater flexibility in how funds are managed. Users in newly supported markets can now choose to hold funds digitally, spend them directly, or convert them into cash at their convenience.

The partnership has focused on bridging the gap between traditional financial systems and blockchain-based infrastructure. By combining Stellar’s decentralized network with MoneyGram’s extensive global reach, the companies aim to deliver accessible financial services to populations that often rely on cash-based transactions.

MoneyGram’s network spans more than 200 countries and territories, supported by approximately 500,000 retail locations worldwide. This physical infrastructure, combined with digital asset capabilities, enables a hybrid financial model that connects digital currencies with real-world cash access points.

The expansion reflects growing adoption of stablecoins as a practical tool for cross-border payments, particularly in regions where access to traditional banking services is limited. By integrating digital assets into established remittance channels, the partnership is positioning itself to reshape how individuals send, receive, and manage money across borders.

As the initiative scales, both companies are focusing on enhancing financial inclusion, providing users with more control over their funds while leveraging blockchain technology to improve efficiency, transparency, and accessibility in global payments.