M2 invests $20 million in Ethena, aims to boost synthetic dollar adoption in the Middle East

The post MoneyGram launches stablecoin-powered app in Colombia appeared on BitcoinEthereumNews.com. MoneyGram has launched a new mobile application in Colombia that uses USD-pegged stablecoins to modernize cross-border remittances. According to an announcement on Wednesday, the app allows customers to receive money instantly into a US dollar balance backed by Circle’s USDC stablecoin, which can be stored, spent, or cashed out through MoneyGram’s global retail network. The rollout is designed to address the volatility of local currencies, particularly the Colombian peso. Built on the Stellar blockchain and supported by wallet infrastructure provider Crossmint, the app marks MoneyGram’s most significant move yet to integrate stablecoins into consumer-facing services. Colombia was selected as the first market due to its heavy reliance on inbound remittances—families in the country receive more than 22 times the amount they send abroad, according to Statista. The announcement said future expansions will target other remittance-heavy markets. MoneyGram, which has nearly 500,000 retail locations globally, has experimented with blockchain rails since partnering with the Stellar Development Foundation in 2021. It has since built cash on and off ramps for stablecoins, developed APIs for crypto integration, and incorporated stablecoins into its internal settlement processes. “This launch is the first step toward a world where every person, everywhere, has access to dollar stablecoins,” CEO Anthony Soohoo stated. The company emphasized compliance, citing decades of regulatory experience, though stablecoin oversight remains fluid. The US Congress passed the GENIUS Act earlier this year, establishing a framework for stablecoin regulation, which MoneyGram has pointed to as providing clearer guardrails. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/moneygram-stablecoin-app-colombia

Hashdex Asset Management Ltd. and Nasdaq Global Indexes have announced the expansion of the Hashdex Nasdaq Crypto Index US ETF (NCIQ), the multi-asset spot crypto exchange-traded product (ETP) in the United States. The ETF launched in February 2025 with spot Bitcoin and Ether, will now include exposure to XRP, Solana, and Stellar—bringing the total to five crypto assets. Collectively, these tokens represent over $3 trillion in combined market capitalization, says Hashdex. According to the asset manager the move provides U.S. investors with streamlined access to a diversified basket of digital assets through a single, tradable product. By tracking the Nasdaq Crypto US Index (NCIUS), the ETF offers rules-based exposure while removing the complexities of selecting individual cryptocurrencies. Global Leadership in Crypto Index Products Hashdex manages the multi-asset crypto ETP in Europe and the multi-asset crypto ETF in Latin America. With $1.56 billion in assets under management, Hashdex now offers four index products tied to the global Nasdaq Crypto Index. “Since 2018, Hashdex has been a market leader in crypto index products globally, and this signifies a major milestone in meeting the needs of U.S. advisors and investors,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex. A Milestone for U.S. Crypto Index Investing According to Samir Kerbage, CIO at Hashdex, the expansion reflects growing demand from U.S. investors seeking structured, index-based crypto exposure. “With NCIQ, investors gain access to a dynamic, rules-based exposure that evolves with the market—eliminating the need to try to pick individual winners,” Kerbage said. He adds that regulatory clarity and the approval of generic listing standards have paved the way for NCIQ to expand and adapt as new assets meet index requirements. The NCIUS index is jointly developed by Nasdaq and Hashdex, includes strict eligibility criteria such as liquidity, market capitalization, and regulatory compliance. While ADA (Cardano) qualifies for the index, it is not currently included in NCIQ’s holdings. The Hashdex–Nasdaq Partnership The expansion also shows the ongoing collaboration between Hashdex and Nasdaq, which have co-developed several index and index-based crypto products since 2021. Nasdaq serves as the index administrator and listing venue for NCIQ, with Coinbase Custody and BitGo Trust providing crypto asset custody. U.S. Bank Global Fund Services acts as fund administrator, while Paralel Distributors LLC serves as marketing agent. As crypto continues to mature as an asset class, diversified index products like NCIQ are emerging as benchmarks for institutional and retail allocation

TLDR HighVibeAssets predicts XRP price will dramatically rise due to expiring NDAs. Ripple’s NDAs are expiring daily, revealing new institutional partnerships. XRP’s price surge could catch many off guard, according to HighVibeAssets. Bitcoin advocates argue XRP will continue underperforming against BTC. Analysts project XRP could reach $19 to $32 if Bitcoin hits $270,000. HighVibeAssets, the [...] The post XRP Price Set for Dramatic Rise as Ripple’s NDAs Expire, Says Expert appeared first on CoinCentral.