Hana Integrates With MoneyGram To Enable Stablecoin-To-Cash Withdrawals Across Southeast Asia
In Brief
Hana has partnered with MoneyGram to enable instant USDC withdrawals via Stellar, providing Southeast Asian users with digital-to-fiat financial access.
Digital finance application Hana announced a partnership with MoneyGram, a global payments network serving individuals, businesses, and communities worldwide. The collaboration integrates MoneyGram Ramps into Hana’s platform, enabling users across Southeast Asia to instantly convert stablecoins into cash.
Through this integration, Hana users can withdraw USDC on the Stellar network, a fully backed, US dollar–pegged stablecoin, and collect cash at participating MoneyGram locations. The partnership establishes a seamless connection between digital assets and local currencies, offering a secure and accessible method for converting stablecoin holdings into real-world value.
“This partnership aligns the speed of blockchain with the practicality of cash,” said Mark Jones, Founder of Hana, in a written statement. “Now, anyone in Southeast Asia can receive USDC, store it securely in the Hana app, and withdraw it in local currency within minutes. This is what real financial access looks like,” he added.
Bringing Stablecoin-To-Cash Access To Southeast Asia’s $100B Remittance Market
Remittance volumes directed to Southeast Asia are expected to approach nearly US $100 billion by 2025, reflecting an annual growth rate exceeding 8%. A large share of the population depends on cross-border transfers for household income and financial support, yet cash continues to dominate daily transactions, limiting access to digital financial services.
Through the combination of MoneyGram’s established cash infrastructure, the Stellar network’s efficient and low-cost settlement capabilities, and Hana’s integrated cryptocurrency wallet, the partnership aims to make stablecoins a practical medium for everyday use among freelancers, families, and small enterprises throughout Southeast Asia.
“MoneyGram has always focused on connecting people to the global economy,” said Carsten Bender, Director of Web3 Growth & GTM at MoneyGram, in a written statement. “By connecting Hana to our global cash off-ramp for digital assets, we’re expanding access to stable, digital dollars through trusted local networks, making it easier to get cash into users’ hands within minutes,” he added.
For end users, this integration provides a reliable and efficient method for converting digital assets into cash without relying on traditional banks or exchanges. It enables immediate access to stable-value funds that can be securely stored, transferred, or withdrawn at any time, offering a convenient off-ramp solution particularly suited for freelancers and individuals receiving remittances.
“Partnerships like this prove what open networks were built for. Being able to easily turn crypto into cash enables the accessibility needed to transform crypto from just an idea into an everyday utility,” said Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation, in a written statement. “Together, Hana and MoneyGram are unlocking financial access at scale,” he added.
Hana Wallet Enables Instant USDC-To-Cash Withdrawals Through New Integration
In order to access the service, individuals can open the Hana Wallet application, select the “Withdraw USDC” feature, and choose a nearby MoneyGram partner location to collect cash. The process eliminates the need for exchange accounts, waiting periods, or hidden charges, ensuring a seamless conversion experience.
“Hana was created to make crypto feel like money for everyday people,” said Mark Jones, Founder of Hana, in a written statement. “With our MoneyGram Ramps integration, anyone in Southeast Asia can now turn digital dollars into cash, hold it safely, and actually use it. That’s financial freedom in practice,” he added.
After its rollout in Southeast Asia, Hana intends to broaden the reach of stablecoin-to-cash services through MoneyGram Ramps across additional key regions, leveraging MoneyGram’s extensive presence in over 180 countries.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
