MoneyGram Launches USDC App in Colombia Amid Peso Decline

MoneyGram has a revolutionary mobile app in Colombia that utilizes USD Coin (USDC) to enhance the modernization of cross-border payments. The Colombian peso has lost around 12% of its value against the U.S. dollar since April 2025. 

This makes traditional remittances less valuable for households that rely on money received from outside. aims to provide Colombians with a stable, efficient, and user-friendly financial service by leveraging stablecoin technology.

Stablecoins Can assist With Volatility

The drop in the value of the Colombian peso has had a significant impact on families that rely on remittances, as their savings lose value rapidly when converted into local currency. People can get money directly in , a stablecoin tied to the U.S. dollar, through MoneyGram’s app. This protects them from fluctuations in local currency. 

The software is built on the Stellar blockchain. It utilizes Crossmint’s self-custody wallet architecture to ensure that customers can maintain control of their funds without needing to visit MoneyGram’s retail counters. This digital method allows you to send money instantly, reducing the time and costs associated with traditional remittance systems.

How to Use The App

The MoneyGram app is simple to use and allows people to save money in USDC, save it, or convert it to pesos when needed. MoneyGram has a vast network of over 6,000 retail locations in where people can get cash. Future updates may introduce yield-style incentives for deposits, making the app more appealing as a savings tool. 

The app simplifies complex blockchain procedures, making them easier to understand, so even those unfamiliar with cryptocurrencies can use it. This makes it a assistful link between digital assets and everyday financial demands.

Why Colombia?

Colombia is a great place to begin because families there get more money from remittances than they send abroad, over 22 times more. The country’s economic hardys and the peso’s steady decline make stablecoins a viable option for preserving value.

MoneyGram’s plan aligns with a broader trend of fewer people using in Colombia, where the number of merchants accepting it has declined by over half since 2024. This indicates that people prefer stable assets to cryptocurrencies that fluctuate in value rapidly.

Future Plans and Growth in Other Areas

MoneyGram’s USDC app represents a significant step toward transforming the way remittances operate in unstable currency markets. If the pilot is successful, it might be expanded to other countries facing similar economic challenges. 

MoneyGram is becoming a pioneer in digital finance by merging its worldwide retail network with blockchain technology. Its methodology prioritises speed, stability, and financial inclusion.