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CompoSecure’s hardware wallet to allow users to deposit cash at MoneyGram locations and receive Circle USDC on the Stellar blockchain, and withdraw local currency from their digital USDC holdings

April 23, 2025 //  by Finnovate

Payment card and security solutions provider CompoSecure announced the integration of its Arculus Cold Storage Wallet with MoneyGram Access. The move lets users convert physical cash to digital USDC stablecoins and withdraw cash at MoneyGram locations worldwide. This integration allows users to deposit cash at participating MoneyGram locations and receive Circle USDC on the Stellar blockchain, which can be managed within the self-custody Arculus crypto wallet. Users can also withdraw local currency from their digital USDC holdings at over 440,000 MoneyGram retail locations across more than 200 countries and territories. Adam Lowe, chief product and innovation officer at CompoSecure and Arculus, said this could be particularly appealing to those who lack access to traditional banking services. “This integration enables people to convert physical cash into digital dollars on the highly performant Stellar blockchain and store those digital dollars securely, giving them complete autonomy and control over their assets.” Additionally, Arculus announced a grant from the Stellar Development Foundation (SDF), a non-profit organization supporting the development and growth of the Stellar network, to enable payments over traditional payment card rails directly from self-custody crypto wallets via smart contracts.

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Category: Members, Crypto & Blockchain, Innovation Topics

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