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31 July 2021

Stellar Foundation Eye MoneyGram Takeover - Decrypt

Stellar Foundation Eye MoneyGram Takeover - Decrypt


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MoneyGram is a payments firm that is partnered with Ripple.

Stellar Development Foundation, a non-profit organization supporting the development and growth of the Stellar network, has tentatively contacted MoneyGram International about a potential takeover, Bloomberg reported on Wednesday.

Citing unnamed people familiar with the matter, Bloomberg claims that Stellar is working on the potential acquisition in partnership with Advent International, a Boston-based private equity firm specializing in international buyouts.

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