MoneyGram Rolls Out Digital Payments App in Colombia With USDC Support

MoneyGram launched its digital payments app in Colombia, giving users a way to receive money, hold USDC and move funds through a digital wallet. The service uses the Stellar blockchain and Crossmint’s wallet technology.

MoneyGram announced the Colombia rollout in September 2025. The company said Colombia was chosen because families there receive far more money from abroad than they send overseas.

The service gives users another way to hold money received through remittances. Instead of collecting all funds as pesos, users can keep part of their balance in USDC, a stablecoin designed to track the value of the U.S. dollar.

Say hello to a new way to receive money 💸📲

Introducing the next-generation MoneyGram® app:
🔔 Instantly receive international transfers with real-time notifications
💲 Choose to convert funds into digital dollars for stability, or withdraw cash at a MoneyGram location
🔒… pic.twitter.com/E0CIn5QTup

— MoneyGram (@MoneyGram) September 17, 2025

MoneyGram connects its cash network to USDC

The new service links MoneyGram’s large cash-transfer network with blockchain payments. Users can receive funds into the app, convert them to USDC and later withdraw pesos through participating MoneyGram locations.

That gives the service a simple use case. A person receiving dollars from family abroad can hold a dollar-linked digital balance without needing to use a separate crypto exchange. MoneyGram had already tested digital transfers in other markets through MoneyGram Online in Brazil.

The choice of Colombia also reflects the growing use of dollar-linked assets in countries where people want access to U.S. dollar value. But USDC is not the same as holding dollars in a bank account. It is a blockchain token issued by Circle and designed to keep a value close to one dollar.

The service also keeps a link to physical cash. Users who want pesos can use MoneyGram locations rather than staying fully inside the digital system. This gives people a choice between holding a digital dollar balance and receiving local currency.

Also Read: Binance Makes $100 Million Bet on Circle and USDC

Stablecoins are becoming part of everyday payments

The Colombia launch also shows how stablecoins are moving beyond crypto trading. Their main use here is moving and holding money. MoneyGram has since continued building around this idea. The company expanded its digital payment services and began working on ways for customers to use stablecoin balances for everyday spending. That could make a stablecoin more useful to people who have little interest in buying other cryptocurrencies.

The original report also pointed to a decline in Bitcoin-accepting merchants in Colombia. It is important to separate that trend from stablecoin use. Bitcoin is a volatile asset, while USDC is designed to stay close to the dollar. A shop owner may therefore be more willing to accept a dollar-linked token than an asset whose price can change sharply.

The original BTC Maps data showed 62 Bitcoin-accepting merchants in Colombia, down from 106 in September 2023. That figure was useful at the time, but merchant numbers can change and should not be treated as a measure of all crypto use in the country.

MoneyGram’s model is also different from that of a normal crypto exchange. The company already has a large remittance business and physical locations. Adding USDC gives it a way to connect that older system with blockchain-based money.

If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

Take control of your crypto  portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”