tl;dr
MoneyGram has integrated with OwlTing to support USDC at its global locations, allowing cash-in operations with the stablecoin and local currencies at 30 locations, and USDC cash-out for clients in all 170 countries and territories. USDC, the second-largest stablecoin, has a market capitalization of...
MoneyGram Integrates OwlTing for USDC Support, Expanding Global Access
MoneyGram has integrated with OwlTing to support USDC at its global locations, allowing cash-in operations with the stablecoin and local currencies at 30 locations, and USDC cash-out for clients in all 170 countries and territories.
USDC, the second-largest stablecoin, has a market capitalization of $41 billion. MoneyGram has a history of interactions with crypto-based platforms and has allowed direct purchasing of Bitcoin, Ethereum, and Litecoin in its applications since 2022.
The collaboration with OwlTing Group, a Stellar partner, will unlock new B2B instruments, particularly important for regions with high inflation rates.
Stellar Lumens (XLM) has seen a significant price increase, peaking over $0.6 in the last month.
Expanding Financial Inclusion
MoneyGram, a global payments operator, announces the partnership with OwlTing Group, a Hong Kong cryptocurrency services platform. Thanks to the collaboration, OwlPay Wallet Pro can be seamlessly connected to MoneyGram International accounts.
Cash-in operations with the USDC stablecoin and local currencies are now available for customers in 30 MoneyGram's locations globally. USDC cash-out with OwlPay Wallet Pro becomes accessible for clients in all 170 countries and territories of MoneyGram's presence.
Market Impact of USDC and Stellar Lumens
USDC (formerly USD Coin) by Circle is the second-largest stablecoin in the world, with a market capitalization estimated at $41 billion. Furthermore, collaboration with OwlTing has further expanded MoneyGram's global access and the reach of USDC.
OwlTing Group’s collaboration with Stellar since August 2024 further solidifies the tie with one of the fastest-growing crypto ecosystems, unlocking new B2B instruments crucial for regions with high inflation rates.
Stellar Lumens (XLM) has experienced a remarkable price surge, peaking over $0.6 in the last month, marking a 400% increase.