Aiming to enable Crypto payouts in local currencies for users, MoneyGram, the Money transfer firm, has partnered with the Stellar Development Foundation. With this collaboration, the money transfer firm aims to utilize Circle's USDC to settle payments and convert payouts to a user's local currency. In addition, MoneyGram’s network will be integrated with the Stellar blockchain to settle the USDC transactions, where the United Texas Bank will act as a settlement bank between Circle and MoneyGram.