February 24 – Dallas: TruBit, a leading crypto payment platform in Latin America, has officially partnered with MoneyGram International and the Stellar Development Foundation to deploy a groundbreaking on/off-ramp solution. The collaboration integrates MoneyGram Access™ — a global service enabling cash-to-crypto and crypto-to-cash transactions — directly into TruBit’s ecosystem, marking a significant step forward in financial inclusion across LATAM markets.
Unlocking Crypto Liquidity Through Local Cash
The initiative connects TruBit users with MoneyGram’s cash-in and cash-out infrastructure and Stellar’s blockchain capabilities, allowing seamless conversions between local fiat currencies and USDC, one of the world’s most stable and widely-used digital stablecoins.
Bridging a $82 Billion Remittance Economy
Latin America receives over $82 billion in annual remittances, with Mexico alone accounting for more than $64 billion, according to the Bank of Mexico. TruBit’s integration with MoneyGram enables individuals in Mexico, Argentina, Brazil, Colombia, and beyond to easily access their funds digitally — even in economies heavily reliant on cash.
- In Mexico: Withdraw or deposit at locations like OXXO.
- In Argentina: Use Cobro Express points.
- In Colombia: Leverage Bancolombia branches for crypto cash-out.
This opens up crypto accessibility for millions, especially those underserved by traditional banks.
A New Chapter in LATAM’s Financial Infrastructure
The partnership combines Stellar’s cost-efficient blockchain technology, MoneyGram’s global cash network, and TruBit’s crypto-native tools to deliver a seamless, real-time experience for users seeking to transition between cash and digital assets.
CEO Maggie Wu Speaks Out
“This partnership is a significant breakthrough in bridging cash and digital assets, like USDC, combining innovation and accessibility to better serve our users,” said Maggie Wu, CEO and Co-Founder of TruBit. “We are excited to collaborate with a global leader like MoneyGram to drive financial inclusion and create transformative solutions for the Latin American market.”
How the System Works
The new on/off-ramp model is simple and intuitive:
- Users visit participating MoneyGram locations to deposit or withdraw local currency.
- Funds are instantly converted to USDC on the Stellar blockchain and reflected in the user’s TruBit Wallet.
- Assets can be spent, traded, held, or withdrawn later via retail and banking partners in 150+ countries.
With real-world utility in mind, this network of interoperability bridges the divide between digital finance and cash economies.
About the Partners
TruBit
Launched in 2020, TruBit operates across Mexico, Argentina, Brazil, Colombia, Chile, and Peru, providing crypto payment, trading, and business solutions. Its key services include:
- TruBit Business: Crypto-fiat cross-border payment infrastructure
- TruBit Wallet: Easy crypto storage, conversion, and Earn+ rewards
- TruBit Pro: Advanced trading tools for professionals
- TruBit Mastercard: Seamless crypto spending
Known for its regulatory-first approach, TruBit is rapidly expanding to the U.S., Hong Kong, and Europe.
MoneyGram International
MoneyGram is a global fintech pioneer operating in over 200 countries and territories. With over $200 billion processed annually and 50 million users served, it is now the largest on/off-ramp provider for digital currencies worldwide. The company has been recognized with multiple workplace culture awards and remains focused on real-time, digital-first financial services.
Stellar and the Stellar Development Foundation (SDF)
Stellar is a decentralized, low-fee blockchain tailored for financial applications. Launched in 2014, it has processed billions of transactions and supports the development of scalable payment and asset issuance solutions.
The Stellar Development Foundation (SDF) is the nonprofit behind the ecosystem. SDF helps expand the network’s real-world impact by providing grants, tools, and funding to developers and institutions using Stellar to enhance global financial access.
Conclusion: A Leap Toward Financial Inclusion
This three-way partnership between TruBit, MoneyGram, and the Stellar Development Foundation exemplifies how blockchain, fintech, and crypto can work together to bring banking to the unbanked. By enabling real-time access to USDC in markets where remittances are vital and cash dominates, this integration empowers millions to participate in the digital economy without barriers.
As crypto continues evolving in Latin America, partnerships like this signal a promising path forward — one where financial systems become more inclusive, accessible, and interoperable than ever before.
