MoneyGram Launches Stablecoin-Powered App

MoneyGram has taken another leap into digital finance by integrating U.S. dollar-pegged stablecoins and blockchain settlement rails into its new mobile app.

The move signals the remittance giant’s ambition to reimagine cross-border payments using crypto’s most reliable tool: stablecoins.

Colombia chosen as launchpad

The service debuts in Colombia, a country where MoneyGram operates more than 6,000 retail outlets. The nation was selected for its significance as an inbound remittance hub, with families receiving more than 22 times the funds they send abroad. The choice also reflects Colombia’s economic struggles: the peso has lost over 40% of its value in just four years, making dollar-pegged assets far more attractive to households.

Stablecoins as the “killer app”

MoneyGram CEO Anthony Soohoo compared stablecoins’ potential to transformative technologies of the past. Just as spreadsheets fueled the rise of PCs, browsers unlocked the Internet, and GPS reshaped mobility, he believes stablecoins are set to become crypto’s defining application.

“Stablecoins really are the killer app for crypto,” Soohoo said. “We’re just at the dawn of all the possibilities. Customers can now hold a currency that is stable and settle transactions in real time.”

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Regulatory clarity drives adoption

Soohoo added that the recent GENIUS Act in the U.S., which sets out a legal framework for stablecoins, gives MoneyGram confidence to expand such services globally. The app allows customers to store and transact in stablecoins while enjoying the backing of clear regulation and blockchain’s instant settlement capabilities.

What’s next

MoneyGram plans to expand the rollout to additional markets in the coming months. For regions grappling with volatile local currencies, stablecoin integration could provide both a hedge and a more efficient payment channel, accelerating the adoption of digital assets as everyday financial tools.