Financial services company, MoneyGram International, has partnered with the Stellar Development Foundation to enable consumers to send money using Circle’s popular stablecoin, (USDC) and convert directly to and from fiat.

For a 6 Oct. AnnouncementMoneyGram’s integration of support allows crypto wallets to be connected to Stellar Network in order to gain access to its global retail platform. Working alongside Circle, MoneyGram will also enable “near-instant backend settlement”, account funding, and local fiat withdrawals using the USDC stable token.