MoneyGram Launches Dollar Stablecoin Wallet for Colombians

Written by Aaron S.,

Editor-In-Chief

Last Updated: September 18, 2025

Key Takeaways

MoneyGram is launching a mobile app in Colombia that lets users receive and store USDC stablecoins instead of cash;
The app offers a digital alternative as the Colombian peso weakens, which helps protect the value of remittances;
MoneyGram supports self-custody and fast international transfers with reduced reliance on physical locations.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

BITDEGREE IN YOUR SOCIAL FEED

MoneyGram is introducing a digital payment app in Colombia that will let people receive and hold funds in US dollar stablecoins.

This comes at a time when Colombia's local currency, the peso, has been experiencing a decline in value.

Instead of visiting a branch to collect physical cash, users will be able to store money in USDC USDC $0.9982 directly through the app.

What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

This digital wallet is built on the Stellar XLM $0.3980 blockchain and features self-custody tools via Crossmint, which allows users to manage their funds independently and send money abroad with minimal delay.

The MoneyGram app will be available through the Apple App Store and Google Play, but people in Colombia must sign up on a waitlist before gaining full access.

According to the company, Colombia is a strong starting point for the service. Many families in the country rely on money sent from overseas. MoneyGram emphasized that cross-border transfers are essential for many households.

It helps cover basic needs such as food, shelter, and school expenses, and supports small businesses or long-term goals.

The app reduces the need for people to physically visit stores just to access their money. They can keep their remittances as digital dollars until they choose to convert them.

When cash in local currency is needed, users can visit a MoneyGram location to exchange their USDC for Colombian pesos and withdraw them.

PayPal recently expanded its peer-to-peer (P2P) payment services by launching PayPal Links. What is it? Read the full story.