{"id":349376,"date":"2021-10-07T05:45:44","date_gmt":"2021-10-07T02:45:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/moneygram-launches-usdc-settlement-using-the-stellar-blockchain\/"},"modified":"2021-10-07T05:45:44","modified_gmt":"2021-10-07T02:45:44","slug":"moneygram-launches-usdc-settlement-using-the-stellar-blockchain","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/moneygram-launches-usdc-settlement-using-the-stellar-blockchain\/","title":{"rendered":"# MoneyGram launches USDC settlement using the Stellar blockchain"},"content":{"rendered":"<p>&#8220;<strong># MoneyGram launches USDC settlement using the Stellar blockchain <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvYmQ3ZmVkY2EtZTc0NC00MTkzLThmN2YtNDMzOGY4ZDRhMjdlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle\u2019s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. <\/p>\n<p>Per a 6 Oct. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/news-releases\/moneygram-announces-innovative-partnership-with-the-stellar-development-foundation-to-utilize-blockchain-technology-301394572.html\">announcement<\/a>, MoneyGram has integrated support allowing crypto wallets connected to the Stellar Network to access its global retail platform. Working alongside Circle, MoneyGram will also enable \u201cnear-instant backend settlement\u201d, account funding, and local fiat withdrawals using the USDC stable token.<\/p>\n<p>United Texas Bank will act as the settlement bank to complete the process within the regulatory framework.<\/p>\n<p>&#8220;As crypto and digital currencies rise in prominence, we&#8217;re especially optimistic about the potential of stablecoins as a method to streamline cross-border payments.\u201d said Alex Holmes, MoneyGram Chairman and CEO.<\/p>\n<p>The partnership is expected to launch at the end of 2021 in select jurisdictions, with an expanded international rollout planned in 2022. Denelle Dixon, CEO and executive director of the Stellar Development Foundation, stated:<\/p>\n<blockquote><p>&#8220;A new segment of cash users will be able to convert their cash into and out of USDC, giving them access to fast and affordable digital asset services that may have previously been out of reach.\u201d<\/p><\/blockquote>\n<p>MoneyGram&#8217;s integration with Stellar comes just months after the firm moved to allow customers to withdraw crypto assets for cash via its point-of-sale outlets in the U.S. The service was rolled out in partnership with Bitcoin ATM and crypto exchange operator, Coinme Inc.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Biden admin weighing bank-like regulation for stablecoin issuers<\/em><\/strong><\/p>\n<p>MoneyGram is no stranger to blockchain, having partnered with distributed ledger <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> Ripple in June 2019 to collaborate on cross-border payments and foreign exchange settlements with digital assets.<\/p>\n<p>However, the deal quickly went south, due to the uncertainty concerning U.S. Securities and Exchange Commission\u00a0lawsuit targeting Ripple.\u00a0MoneyGram suspended support for Ripple&#8217;s platform during the first quarter of 2021.<\/p>\n<p>Stellar was launched by Ripple co-founder Jed McCaleb following his tumultuous departure from the project in 2014.<\/p>\n<p>Circle published, on 4 Oct., filings revealing it is cooperating with a subpoena from the SEC that it received in July.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/moneygram-launches-usdc-settlement-using-the-stellar-blockchain\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# MoneyGram launches USDC settlement using the Stellar blockchain &#8221; Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle\u2019s popular stablecoin, USD Coin (USDC) and convert directly to and from fiat. Per a 6 Oct. announcement, MoneyGram has integrated support allowing crypto wallets connected&#8230;<\/p>\n","protected":false},"author":1,"featured_media":349377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvYmQ3ZmVkY2EtZTc0NC00MTkzLThmN2YtNDMzOGY4ZDRhMjdlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75159,75582,82739,74889,75034,74898,75493,75937,74880,75557,74355,70610,70934,4965],"class_list":["post-349376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-digital-currency","tag-fiat-money","tag-moneygram","tag-payments","tag-ripple","tag-sec","tag-stablecoin","tag-stellar","tag-transactions","tag-xrp","tag-adoption","tag-finance","tag-regulation","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=349376"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/349376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/349377"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=349376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=349376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=349376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}