MoneyGram Integrates Stablecoins as Core Feature in Revamped App

MoneyGram has positioned U.S. dollar-pegged stablecoins and blockchain settlement at the heart of its redesigned mobile application, targeting Colombia as its initial launch market. The remittance giant's 6,000+ retail locations in the country will enable users to receive and store stablecoin payments, with planned expansions to other markets.

CEO Anthony Soohoo cites Colombia's 40% peso depreciation and status as a net recipient of remittances (receiving 22x more than it sends abroad) as ideal conditions for adoption. "Stablecoins are crypto's killer app," Soohoo remarked, drawing parallels to foundational technologies like spreadsheets for PCs and browsers for the internet.

The rollout coincides with regulatory clarity from the U.S. GENIUS Act, providing frameworks for stablecoin operations. MoneyGram's infrastructure now enables real-time settlement in dollar-pegged digital assets, though the technical implementation details remain undisclosed.