Moneygram’s Digital Payment App is set to launch in Colombia, which offers locals a way to save US dollar stablecoins while the Colombian peso continues to weaken.
Moneygram crypto service is strengthened by the Stellar Network and Crossmint Leverages for Self-Custody, allowing users to store USDC (USDC) Stablecoin and move it to another country almost immediately.
In a statement on Wednesday, the moneygram Says Colombia is the “perfect launch market” because Colombian families receive more than 22 times the money they send abroad.
“For millions of people around the world, sending money to borders is a lifeline: supporting loved ones at home, covering essentials such as food, housing and education, and enabling investments in businesses and long-term financial stability.”
Hello in a new way to receive money 💸📲
Introducing the next generation MoneyGram® app:
🔔 immediately receive international transfers with real-time notifications
💲 Select to convert funds to digital dollars for stability, or remove cash to a location of moneygram
🔒 … pic.twitter.com/e0cin5qtup– MONEYGRAM (@moneygram) September 17, 2025
Integration will save the locals the need to go to the physical money stores to receive funds and get physical cash, as they can now store it as the USDC in the app.
It offers them a more stable money to store their funds, as Colombian pesos has dropped nearly 12% against the dollar since early April, Google Finance Data Shut up.
Users will only need to attend moneygram locations if they want to replace the USDC for Colombian pesos and withdraw it for spending.
The moneygram also noted that users can earn incentives in deposits through combined savings offering in the near future.
Moneygram crypto service is launching at Apple App Store and Google Play Store, even if the Colombians must first join a waiting list to approve their accounts.
Related: Bitwise file for stablecoin, tokenization etf with us sec
Western Union’s competitor has 500,000 retail locations worldwide, and claims that there are more than 5 billion “digital endpoints,” making it one of the most -accessing digital payment networks in the world.
USDT still Stablecoin King in Colombia, Local says
A member of a Colombian Bitcoin Telegram team José Luis Garcia, told Cointelegraph Tether (USDT) The transfers are still dominant local crypto activity, especially by Crypto Exchange Binance’s Peer-to-peer platform.
El Dorado P2P is another commonly used app in Colombia that allows users to move the USDT to Tron, Garcia said.
The The USDT supply to the Tron network Exceeded $ 80 billion in June, including fast, cheap shifts making it a fine choice for sending digital dollars to developing countries
Number of Bitcoin traders fell into Colombia
BTCMAPS data shows that the number of Bitcoin traders accept In Colombia dropped to 62, down from 106 in September 2023.
Among the most well -known removal is Mind Crypto Caffe Medellín, previously located in the middle of El Poblado, the most Turista neighborhood of Medellín, with pictures from May 2024 to X X shows the space that is broken.
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