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News April 22, 2025

First Hardware Wallet to Provide Global Cash In/Cash Out Through Stellar – Arculus

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First Hardware Wallet to Provide Global Cash In/Cash Out Through Stellar – Arculus

CompoSecure’s integration of the Arculus Cold Storage Wallet with MoneyGram Access enables users worldwide to convert cash to USDC on the Stellar blockchain. This move particularly benefits unbanked individuals by providing access to digital finances. Through the Stellar Development Foundation’s grant, Arculus plans to support DeFi payment infrastructure via Soroban smart contracts, allowing stablecoin payments over traditional card networks. This initiative bridges the gap between digital and traditional finance by enabling stablecoin holders to make payments with a simple card tap. MoneyGram’s extensive reach further supports the initiative by offering cash-out capabilities in local currency across its global network. This integration showcases Stellar’s ability to facilitate fast, cost-efficient cross-border transactions and enhance financial inclusion.