9 hours ago
6
Stablecoin infrastructure powers that balance, but MoneyGram has not said where it is available or which token backs it outside the US.
Key Takeaways
- On-Chain Footprint: MGUSD, issued by Bridge (a Stripe company), launched on Stellar on June 2.
- Historical Parallel: MGUSD in June, the MoneyGram Card in Colombia on September 10, the redesigned app on October 19.
- Macro Overlap: El Salvador uses the US dollar as legal tender. Colombia uses the peso. Both are named in the new US corridor.
- Systemic Milestone: US senders can now pay MoneyGram app users directly in Colombia and El Salvador.
Payout is no longer the end of the transfer
The key change sits in one line of MoneyGram’s October 19 release: customers in the United States can now send directly to MoneyGram app users in markets including Colombia and El Salvador. The release lists app users alongside bank accounts, debit cards, third-party wallets and retail...
English (US)