MoneyGram and Stellar partner to offer stablecoin remittance
MoneyGram International and Stellar blockchain have come together to allow its users to send UDC stablecoin and turn them into fiat currency
By Shashank Bhardwaj
MoneyGram International Inc., one of the largest money-transfer services in the United States, is getting ready to launch a service in collaboration with the Stellar blockchain that will allow its users to send stablecoins and easily convert them to fiat currency using MoneyGram's network.
Alex Holmes, the CEO of MoneyGram, believes that the cryptocurrency sector is here to stay and grow despite all the recent slump and volatility. He said, “The world of crypto and the world of fiat are not really compatible today. We’re trying to be a bridge from the crypto world to the fiat world.”
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