MoneyGram International, one of the world’s largest cross-border transfer services, is partnering with the Stellar blockchain to create a stablecoin-based platform for money transfers. The new service will allow Stellar wallet users to send Circle’s (USDCTo recipients: They will be able cash the money out to fiat currencies through MoneyGram.

“We’re trying to be a bridge from the crypto world to the fiat world,” MoneyGram CEO Alex Holmes In an interview