Catenaa, Monday, September 22, 2025- MoneyGram last week launched a next-generation app in Colombia on Monday, introducing a US dollar-backed balance powered by stablecoins while expanding its cross-border reach through a partnership with Africa’s Mukuru.
The new app allows customers to receive funds instantly into a USD balance, hold money in stable currency, and withdraw or spend through global channels.
Balances are held in Circle’s USDC, with Stellar providing blockchain support and Crossmint enabling wallet infrastructure. MoneyGram said this marks a reinvention of cross-border transfers, reducing reliance on unstable local currencies.
Colombia was chosen for launch because of its large inbound remittance flows and currency volatility. Users there can now receive digital dollars directly on smartphones, avoiding long trips to collect cash. Future updates will add debit card links, savings options, and broader retail integration.
MoneyGram said more markets will follow as it scales the model globally.
In parallel, MoneyGram announced a strategic alliance with Mukuru, one of Africa’s largest fintech platforms.
The partnership combines Mukuru’s extensive Southern African infrastructure with MoneyGram’s international network, aiming to deliver faster and more affordable transfers across Africa, Asia, and beyond. Customers will gain access to mobile wallets, bank deposits, and cash pickup through more than 1,250 Mukuru outlets and MoneyGram’s 500,000 retail points
