Crossmint Powers MoneyGram's New Stablecoin Cross-Border Experience

NEW YORK, Sept. 17, 2025 /PRNewswire/ -- Crossmint, the all-in-one wallet and stablecoin payments infrastructure provider, today announced it is as the technology partner behind MoneyGram's new stablecoin-powered cross-border payment experience.

The partnership marks a major step in MoneyGram's evolution from a traditional remittance provider into a global peer-to-peer network for borderless money movement.

MoneyGram currently serves more than 50 million people across 200 countries and territories, moving over $42 billion annually.

With help from Crossmint's technology, MoneyGram is now enabling customers to send, store, and spend U.S. dollar–denominated funds instantly, securely, and at a low cost. With Colombia as the first launch market, additional markets will follow, starting with key corridors in LATAM.

"MoneyGram is one of the world's most trusted names in financial services, and this partnership demonstrates the power of combining MoneyGram's global network with our wallet infrastructure," said Rodri Fernandez Touza, co-founder of Crossmint.

"Together, we're making stablecoins practical for everyday use—so people can move, hold, and spend money faster, cheaper, and more securely than ever before."

Why MoneyGram Chose Crossmint

Crossmint's enterprise-grade infrastructure for wallets, payments, and tokenization is trusted by hundreds of institutions and over 40,000 developers.

Unlike fragmented providers, Crossmint delivers an end-to-end platform that abstracts blockchain complexity with simple web2 APIs and dashboards. This technology enables MoneyGram to innovate without needing blockchain engineers or multiple vendors.

MoneyGram selected Crossmint for its:

• Future-proof wallet architecture: Smart wallets with programmable controls (spending limits, role-based access, recovery) and no vendor lock-in
• End-to-end orchestration: From minting to settlement and payouts, Crossmint ensures stablecoin flows are efficient and compliant
• Global scalability: Support for 50+ blockchains, stablecoins, and onramp/offramp integrations, ready to expand into new markets
• Enterprise-grade security and compliance: SOC 2–compliant infrastructure, built-in AML screening, KYC flows, and travel rule support

"Crossmint has been instrumental in accelerating our stablecoin strategy. Their enterprise-grade platform allowed us to move quickly, cut out multiple vendors, and bring this product to market faster—backed by hands-on guidance that simplified every stage of the rollout," said Josh Bivins, Director of Product at MoneyGram.

Transforming Cross-Border Payments in Colombia

The new MoneyGram app will enable U.S. senders to send funds abroad in USD, which are converted to USDC and delivered instantly to recipients in Colombia via a Crossmint-powered smart wallet.

From there, customers can:

• Hold savings in USDC to help protect against peso depreciation
• Cash out in COP when convenient through MoneyGram's network of more than 6,000 locations across the country
• Spend online or in-person in USD globally via linked Visa or Mastercard debit cards. (coming soon)
• Earn incentives on deposits through integrated savings options (coming soon)

For the first time, Colombian families can store, spend, and save in dollar-backed stablecoins without needing to manage private keys, gas fees, or blockchain complexity.

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About Crossmint

Crossmint is the leading wallet infrastructure and stablecoin payments platform, enabling enterprises to integrate crypto rails with simple APIs and no-code tools. From wallets and tokenization to stablecoin orchestration and checkout, Crossmint powers financial services for 40,000+ developers and major institutions including Visa, NBC, Santander, Sony, Unilever, and MoneyGram. Backed by Ribbit Capital, Franklin Templeton, and other top investors, Crossmint's mission is to make the blockchain invisible and accessible to everyone.

SOURCE Crossmint