MoneyGram Says Trust Drove Its Choice of Stellar for USDC Service

MoneyGram Chief Product and Technology Officer Luke Tuttle said trust drove the company’s choice of Stellar for its cash-to-USD Coin (USDC) service, a relationship that later extended to MoneyGram’s own stablecoin, MGUSD. “There’s the speed of it and the cost, but at the end of the day, it’s the trust,” Tuttle said at Meridian 2026. MoneyGram began working with the Stellar Development Foundation in 2021. The following year, it launched services at retail locations where customers could exchange local cash for USDC and convert USDC back into cash. USDC is a dollar-pegged stablecoin. MoneyGram’s U.S.

Source: TokenPost