CEX.IO and MoneyGram Partner to Enhance USDC Accessibility
CryptoNewsTerminal Staff18 Sep, 2024
CEX.IO and MoneyGram Partner to Enhance USDC Accessibility
CEX.IO, a leading cryptocurrency exchange, has joined forces with MoneyGram, a global financial services company, and the Stellar blockchain to facilitate seamless USDC ↔ fiat swaps. This partnership empowers CEX.IO users to effortlessly cash out USDC at MoneyGram locations or convert cash into USDC. Integrating the Stellar blockchain into this collaboration enhances the efficiency and speed of transactions. USDC, a stablecoin pegged to the US dollar, provides a bridge between traditional fiat currencies and the world of digital assets. This strategic alliance expands CEX.IO's global reach and strengthens MoneyGram's position in the digital currency ecosystem. It signifies a growing trend of collaboration between traditional financial institutions and the cryptocurrency industry, paving the way for wider adoption of digital assets.
