and eToro UK Ltd.) & USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. The rollout of the ledger-based stablecoin will bridge between crypto and local currencies with the objective to connect with MoneyGram’s 150 million or so consumers.
The two firms are set to start with a pilot in the fourth quarter of this year. Through this partnership, the two companies announced that MoneyGram’s network will be integrated with the Stellar blockchain to facilitate cash funding and payout in local currency for consumers through the USD Coin (USDC). Initially developed on the Ethereum blockchain, the USDC stablecoin governed by Coinbase and Circle through the Centre consortium went live on Stellar in February. The Stellar network uses the XLM coin to operate, which is currently priced at $0.359. While MoneyGram International, Inc. has been in existence for decades, Stellar Development Foundation is a non-profit organization that started in 2014 to support the development of Stellar, a blockchain network that facilitates cross-border transactions. What are the details of this partnership? How will this new deal work out? Here’s all you need to know. One of the world’s largest money transfer companies, MoneyGram, is partnering with the Stellar blockchain network to create instant money transfers using Circle’s USDC stablecoin.