Financial services company MoneyGram International announced that it has partnered with the Stellar Development Foundation to allow users to trade with Circle’s stablecoin unit, USDC.
MoneyGram and Stellar
According to the announcement made on October 6, MoneyGram, Stellar Networkit will have an integrated support that allows connected crypto wallets to access its global platform. MoneyGram, working together with Circle, will allow instant payments using the USDC fixed token, as well as account financing and local traditional withdrawals.
In addition, United Texas Bank will act as a settlement bank to complete the process within the october framework.
Alex Holmes, Chairman and CEO of MoneyGram, said in a statement on the matter, “As crypto and digital currencies come to the fore, we are particularly optimistic about the potential of stablecoins as a method of streamlining cross-border payments.” he used his words.
The partnership, which is scheduled for an expanded international rollout in 2022, is expected to launch in select jurisdictions at the end of 2021. Denelle Dixon, CEO and general manager of Stellar Development Foundation, expresses the following statement:
Thanks to the new cash users segment, cash will be able to be converted from USDC to USDC to cash. This will give users access to fast and affordable digital asset services that were previously unavailable.
MoneyGram Stellaria its integration with The came just months after the company allowed customers to withdraw crypto assets in cash through its outlets in the United States.
Following this news Stellar (XLM) its price has increased by more than 10%. As of the moment of writing the article, it seems that XLM, which is trading at $ 0.35, has risen to $ 0.37.
In addition, analysts are quite october about the price of XLM. But XLM he broke his own record on January 4, 2018 with $ 0.93 and is considered to have quite a long way ahead of him for a new record.