MoneyGram, one of the world’s largest money transfer services, is preparing for a partnership with Stellar blockchain to allow its users to send and convert stablecoins into fiat currency.
MoneyGram CEO, Alex Holmes, view on the crypto industry was optimistic saying:
“Crypto industry is here to stay and it’s going to be here for a long time despite recent selloffs and volatility.”
MoneyGram to establish a bridge between crypto and fiat
During a recent interview with Bloomberg News, Holmes said that since fiat and crypto are ‘’not really compatible today’’ the company’s main goal is to establish a bridge between them.
Meanwhile, the company offers Bitcoin services to clients and with its partnership with Stellar, it will allow its users to carry out USDC remittances. Additionally, customers can also use the MoneyGram network to cash out their holdings.
Dante Disparte, Circle (the company that issues USDC) CSO, noted that de-pegging will not occur like in TerraUSD since the stablecoin...
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