The Stellar Lumens and MoneyGram partnership enables digital wallets which are connected to the Stellar network to access MoneyGram’s global retail platform, thus facilitating a bridge between digital assets and local currencies for consumers.

Denelle Dixon expressed: Some big news with MoneyGram and here is why it’ll be a game changer.

We’re teaming up to build a bridge between digital assets and cash currencies for users. Digital wallets connected to Stellar will be able to access Money Gram’s platform to move seamlessly from one cash currency to another, facilitated by circlepay’s USDC.

MoneyGram is a global leader in money transfers and P2P payments, serving nearly 150 million people around the world. This is another step toward mainstream adoption of blockchain and digital assets.

As we always say at SDF, it’s critical for traditional and digital financial rails to connect. This shows how important on and off ramps are for block chain, and for extending opportunity to new users.

Think about it like this: not only will users of Stellar-connected wallets get a new way to get cash onto their wallets and send internationally a whole new segment of cash users will also have the choice to convert their cash into and out of USDC, connecting to digital asset services they may not have considered before.

That’s powerful. Connecting cash users to the world of digital assets will unlock a variety of use cases. It will help solve existing challenges related to speed and cost. It will also create new value and choices.

We can’t wait to share more as we build.

Community response:  I used to have MoneyGram to send money to México as an investor of XLM Stellar. How will It benefit me?  This company continues to impress and will be one of the long term winners in the blockchain space.

Why use a ‘stablecoin’ for settlement? Fed is coming up with CBDC possibly with digital dollar, saying stable coins are threat to the economy. Moreover, you do not solve the bridging inherent to all currencies by pegged.

Keep the momentum going. We’re still underutilizing Stellar as a platform at this level. I’ve been sitting on XLM since Jan. The time has come for a pump. Great news Denelle. We are all looking forward to hearing more about the growth of SDF.

What happens when US comes out with their own CBDC? They will just brush you to the side like they did.

Nice, picking up where Ripple left off. I see how you will play the game.  You do realize Stellar’s next on the SECs radar?