MoneyGram Launches New Crypto Wallet to Bridge Digital and Fiat Currencies

MoneyGram launched a non-custodial wallet to bridge crypto and fiat with USDC stablecoin

Move represents MoneyGram's latest step into crypto, building on its work with Stellar blockchain

CEO Alex Holmes said MoneyGram has undergone a digital transformation despite misconceptions it would be displaced

Crypto's use case for remittances is often touted but has not materialized due to blockchain limitations

MoneyGram's wallet allows users to hold funds as USDC before deciding when to transfer into different currencies