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Movantis Launches USDC Payment Corridor on Stellar for US–El Salvador Transfers

(3 hours ago) · 1 source · Summarized by CryptoBipto

Movantis has launched a USDC-based payment corridor on the Stellar blockchain targeting remittances between the United States and El Salvador. The service uses the stablecoin USDC on Stellar's network to facilitate cross-border transfers between the two countries.

WHY IT MATTERS

Remittances are money transfers that people working in one country send back to family in their home country.

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SOURCES

  • newsbtc.com

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XLMUSDCRemittancesStablecoinsCross-Border PaymentsStellar NetworkUSDC