According to Fortune, a major cryptocurrency exchange announced a partnership with MoneyGram on May 5, allowing users to exchange crypto assets for fiat cash at locations across more than 100 countries. This service aims to address the long-standing withdrawal challenges faced by crypto users, particularly in regions with unstable banking systems or volatile local currencies. Users can convert digital assets to cash through MoneyGram outlets and pay a floating exchange rate fee to complete withdrawals.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hut 8 replaces Coinbase loan with FalconX facility, cuts borrowing costs
Hut 8 has replaced its Coinbase Credit arrangement with a new $200 million, 364-day bitcoin-backed facility from FalconX, reducing debt costs by 200 basis points.
The new facility provides a more cost-efficient borrowing structure for the bitcoin-backed arrangement, as stated in the transaction
CryptoFrontier39m ago
FalconX and Sygnum Launch Tokenized Credit for Institutions
Crypto prime broker FalconX and Sygnum Bank have partnered to launch an onchain structured credit facility, a tokenized and overcollateralized lending product designed for institutional investors seeking exposure to digital asset credit markets through a regulated banking channel, according to a
CryptoFrontier46m ago
Western Union Launches USDPT Stablecoin on Solana
According to businesswire, Western Union announced the launch of USDPT, a U.S. dollar stablecoin on the Solana blockchain. USDPT is issued by Anchorage Digital Bank and fully backed 1:1 by U.S. dollars. The stablecoin will be integrated into Western Union's global payment system to provide on-chain
GateNews1h ago
Jump Trading and Securitize Partner to Trade Tokenized Stocks on Blockchain
According to executives, market-maker Jump Trading is partnering with tokenization firm Securitize Inc. to move stock trading onto blockchain-based systems within existing regulatory frameworks. Jump will serve as the market-maker for tokenized stocks, while Securitize will provide the underlying in
GateNews2h ago
CertiK Contributes $50K to Ethereum Security Quadratic Funding Round on May 5
According to mpost.io, CertiK contributed $50,000 to the Ethereum Security Quadratic Funding (QF) round on May 5, 2026. The funding, deployed through Giveth, will support projects focused on improving security across Ethereum. Quadratic funding amplifies contributions from a broad base of
GateNews2h ago
Shopify, National Bank of Canada Back CADD Stablecoin for 24/7 Settlement
Shopify and National Bank of Canada are among backers of Tetra Trust's new stablecoin, CADD, designed for institutional use in 24/7 cross-border settlement and real-time corporate treasury operations.
Product Overview
CADD is positioned as a replacement for legacy batch settlement systems. The st
CryptoFrontier2h ago
