Launching first in Colombia, the app will leverage USD-pegged stablecoins to provide access to a fast and modern way to move and hold money across borders
MoneyGram, one of the world’s most trusted names in global payments, has unveiled a next-generation mobile app designed to change how people send, receive, and hold money across borders. The new app introduces a digital, USD-backed stored value account that works seamlessly with both traditional fiat currencies and stablecoins a move the company calls a fundamental reinvention of cross-border finance.
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For millions of families, money transfers are more than transactions they’re lifelines that cover essentials like food, housing, education, and small business investment. Yet in many countries, those funds often arrive in local currencies that can lose value quickly, or require recipients to travel long distances just to pick up cash. With MoneyGram’s new app, launching first in Colombia, customers can now instantly receive funds into a secure USD balance, store them in one of the world’s most stable currencies, and cash out or spend whenever they choose.
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“This is where MoneyGram—and money itself—is headed,” said Anthony Soohoo, MoneyGram CEO. “We believe in a future where financial access is universal, and no one gets left behind. Built for global scale, this launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins.”
The experience is intentionally simple for the user but transformative in impact. By holding funds in USD, recipients are shielded from local currency devaluation. They gain flexibility to manage money on their own terms whether spending online, cashing out through MoneyGram’s retail network, or linking to debit cards for global access. Built on Stellar’s blockchain and powered by Circle’s USDC stablecoin, the app ensures transactions are instant, transparent, and secure, while preserving the regulatory rigor that has long underpinned MoneyGram’s global operations.
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“We’ve always believed in doing the hard work to make things simple for the customer,” said Luke Tuttle, Chief Product and Technology Officer at MoneyGram. “As financial technology evolves, MoneyGram is once again leading the way delivering real stablecoin utility in a safe, secure, and compliant way through a brand consumers trust.”
Colombia was chosen as the launch market due to its large inbound remittance corridor where families receive more than 22 times the money they send abroad—and a local currency that has steadily depreciated against the dollar over the past decade. For many households, this innovation offers stability and choice where it matters most.
Over the coming months, customers will see new features that further bridge physical and digital finance. These include the ability to add cash into their USD balance via MoneyGram’s retail network, spend globally in USD with linked Visa or Mastercard debit cards, and even earn incentives on deposits through integrated savings tools. More markets will follow, as MoneyGram advances its vision to democratize access to stable, reliable, and affordable financial services worldwide.
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With nearly 500,000 retail locations and more than five billion digital endpoints, MoneyGram is uniquely positioned to bring stablecoins into everyday financial life at scale. For consumers, this means a future where moving money is instant, secure, and borderless finally giving control back to the people who rely on it most.
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