Crypto mobile wallet Hana has announced a partnership with MoneyGram to launch a stablecoin-to-cash withdrawal service across Southeast Asia. The collaboration integrates the Hana wallet with MoneyGram Ramps, allowing users to convert USD Coin (USDC) on the Stellar blockchain directly into local fiat currency at MoneyGram locations without needing a traditional bank account.

This new service is designed to support users in markets with high remittance volumes and limited access to banking services. By leveraging the Stellar network and MoneyGram’s extensive cash distribution network, the integration provides immediate access to funds, removing the typical wait times and complexities associated with cryptocurrency exchanges.

Bridging Digital Assets and Physical Cash

The initiative targets a remittance market in the region that is projected to exceed $100 billion by 2025, where millions of people depend on money sent from abroad. Since a large portion of this population still relies on cash for daily transactions, the partnership aims to make digital stablecoins a practical tool for everyday financial access.

By using MoneyGram’s established infrastructure, Hana simplifies the process for freelancers, small business owners, and families to turn their digital assets into usable cash. The Hana platform is built on Stellar, which serves as a low-cost settlement layer, making the service particularly effective in areas with limited internet connectivity or banking options.

A Streamlined Process with Plans for Expansion

To use the service, a user simply selects the option to withdraw USDC within the Hana app and chooses a nearby MoneyGram outlet for pickup. The conversion process is designed to be transparent, with no hidden fees, registration requirements, or processing delays.

Hana’s long-term goal is to extend this stablecoin-to-cash functionality to other key markets by tapping into MoneyGram’s global network, which spans more than 180 countries. While the service is launching in Southeast Asia, regulatory constraints currently prevent its availability in places like Australia. This collaboration stands as a functional example of blockchain technology being applied to solve real-world financial needs through existing cash distribution systems.