No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Crypto

This Ripple Competitor Expands to Critical Region With New Partnership

May 5, 2026
in Crypto
0
stellar XLM Wall Street


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Stellar Development Foundation (SDF) and MoneyGram, one of the world’s leading global payments networks, have extended their partnership for multiple years, with the next phase targeting Latin America — a region where millions of families depend on cross-border remittances as a primary financial lifeline.

The announcement, made at Stellar House in Mexico City on April 22, 2026, marks more than five years of collaboration between the two organizations. Since their initial partnership in 2021, MoneyGram and SDF have built what they describe as the world’s largest cash on/off-ramp for digital assets, launched the MoneyGram Ramps API for third-party developers, and integrated a stablecoin balance directly into the MoneyGram app. The latest extension signals a commitment to scaling that infrastructure well beyond its current footprint.

Latin America Takes Center Stage

According to the official press release, the new phase of the partnership expands stablecoin utility across Latin America, a region long underserved by traditional financial infrastructure. The MoneyGram app’s stablecoin balance — powered by Stellar, Crossmint, and Circle’s USDC — is already live in Colombia, where it gained considerable traction following its launch. The service has now extended to El Salvador, with additional markets across Central and South America expected to follow throughout 2026. Global expansion beyond the region is also planned.

For users in these markets, the service addresses a persistent gap. Customers can instantly receive funds into a US dollar-denominated balance, hold stable digital dollars, and cash out at nearly 500,000 MoneyGram retail locations across more than 200 countries and territories — a physical network that most blockchain-only solutions cannot match.

Anthony Soohoo, Chairman and CEO of MoneyGram, noted in the press release that the company is focused on building an open payments network that operates across both fiat and stablecoin rails. Denelle Dixon, CEO and Executive Director of SDF, described the combination of Stellar’s blockchain infrastructure and MoneyGram’s global reach as the foundation needed to expand access and lower costs for cross-border payments at scale.

A Broadening Stellar Ecosystem

The MoneyGram partnership does not exist in isolation. According to a post by @StellarOrg on X, the Stellar network has been accumulating significant ecosystem momentum entering this phase of expansion. SDF’s stated 2026 strategy centers on scaling what already works, strengthening proven infrastructure, and directing investment toward areas where the network must be prepared for increased demand.

That momentum has been building steadily. The Stellar network crossed the $1 billion mark in real-world assets (RWAs) at the start of 2026, with activity spanning tokenized bonds, institutional financial products, and new integrations from partners across multiple sectors.

The network’s design — optimized for payment use cases with low fees and near-instant settlement — continues to attract institutional builders looking for infrastructure built for real-world throughput rather than speculative activity.

Implications For The Ripple Competitor

The expanded MoneyGram partnership could represent a critical juncture for the Stellar ecosystem, as the network moves further into high-volume remittance corridors where transaction demand could translate directly into network activity.

The Latin American rollout, with Colombia and El Salvador as the initial anchors, offers a measurable proving ground for whether Stellar’s infrastructure can deliver on the financial inclusion promise at scale — and whether that utility eventually registers in broader demand for XLM.

As of this writing, XLM trades at around $0.26, holding relatively steady as the ecosystem awaits broader market reaction to the partnership’s expansion news.

Stellar XLM XLMUSD XLMUSD_2026-05-04_14-19-14

XLM's price moving sideways on the daily chart. Source: XLMUSD on Tradingview

Cover image from ChatGPT, XLMUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Editorial Team

Editorial Team

Related Posts

Cointelegraph
Crypto

Aave Challenges Law Firm’s Freeze on Kelp Exploit Ether

May 5, 2026
Aave files emergency motion to lift restraining notice on frozen ETH - 1
Crypto

Aave files emergency motion to lift restraining notice on frozen ETH

May 5, 2026
Bitwise fund approval boosts mainstream crypto access
Crypto

Bitwise fund approval boosts mainstream crypto access

May 5, 2026
Bitcoin
Crypto

Bitcoin Supply Squeeze? Institutions Absorb 500% Of New BTC

May 5, 2026
Cointelegraph
Crypto

Western Union Rolls Out USDPT on Solana

May 5, 2026
this is how payments get de-risked
Crypto

CLARITY Act stablecoin deal shifts investor mood

May 5, 2026
Load More

Popular News

  • Monarch is a budgeting app that makes it easy for couples to track shared expenses, create flexible budgets, and set joint financial goals — all without spreadsheets. Here's what it was like to use it for a month.

    I Used Monarch Money for 30 Days: Here’s What Happened

    0 shares
    Share 0 Tweet 0
  • 5 Things to Know About the Neu Credit Card

    0 shares
    Share 0 Tweet 0
  • US Crypto Bill Moves Closer To Approval After Stablecoin Yield Text Unveiled

    0 shares
    Share 0 Tweet 0
  • How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • What The Sharp Drop In The Coinbase Bitcoin Premium Means For The BTC Price

    0 shares
    Share 0 Tweet 0

Latest News

stellar XLM Wall Street

This Ripple Competitor Expands to Critical Region With New Partnership

May 5, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Stellar Development Foundation (SDF) and MoneyGram,...

Cointelegraph

Aave Challenges Law Firm’s Freeze on Kelp Exploit Ether

May 5, 2026
0

Decentralized finance protocol Aave filed an emergency motion on Monday in New York to vacate a restraining notice from a...

Blast at fireworks factory in China’s Hunan kills 21, Xi calls for probe, state media says

Blast at fireworks factory in China’s Hunan kills 21, Xi calls for probe, state media says

May 5, 2026
0

Blast at fireworks factory in China’s Hunan kills 21, Xi calls for probe, state media says

Aave files emergency motion to lift restraining notice on frozen ETH - 1

Aave files emergency motion to lift restraining notice on frozen ETH

May 5, 2026
0

Aave LLC filed an emergency motion in New York on May 4 to vacate a restraining notice served on Arbitrum...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.