The Stellar Development Foundation (SDF) has recently become a minority investor in MoneyGram International (MGI) during its go-private transaction with Madison Dearborn Partners (MDP). This announcement was made by Denelle Dixon on August 15, 2023, via the official Stellar blog.
SDF’s association with MoneyGram dates back to 2021 when they established a commercial partnership. However, their collaboration began even earlier, in 2019, when they initiated the development of tools that later evolved into “MoneyGram Access.” This partnership has been instrumental in positioning the Stellar network as a prominent player in the cash-to-crypto domain, offering seamless avenues for individuals to transition value into and out of the digital realm.
The collaboration between the two entities provided SDF with a comprehensive understanding of MoneyGram’s operations, future plans, and the company’s vision for digital transformation. This…
