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Moneygram Launches USDC Crypto-to-Cash Program
Summary: Moneygram has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets, including Canada, Kenya, the Philippines, and the U.S., with expectations of extending it globally ...
Moneygram has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets, including Canada, Kenya, the Philippines, and the U.S., with expectations of extending it globally later.
The company will make use of the Stellar network as a settlement layer to make the needed USDC transactions for the operation of the program. For Moneygram, this move is all about bringing financial inclusion to people that are still underbanked and underserved in some markets that present difficulties for its citizens to open bank accounts.
By Amy Liu
Tags: Crypto,MoneyGram,USDC
Link: Moneygram Launches USDC Crypto-to-Cash Program [Copy]
