Yellow Card and UNHCR: Stellar Push for Remittances and Humanitarian Aid
Stellar Momentum: Yellow Card Onboards for African Remittances
Stellar ($XLM) made waves in Q3 2024 with key expansions in remittances and aid. African fintech Yellow Card integrated USDC on the Stellar network in February 2024. This enables lightning-fast cross-border transactions. Yellow Card, Africa’s largest licensed stablecoin on/off-ramp, now offers users expedited USDC transfers. Fees drop to near-zero. Settlements take 3 seconds. As Yellow Card’s announcement stated, “USDC on Stellar revolutionizes remittances and treasury management.” Moreover, users get $5 USDC rewards for sending $3 or more. This boosts adoption. As a result, Yellow Card serves 20 African countries. It positions Stellar as a remittance leader.
UNHCR’s Aid Assist Scales: Supporting Ukraine’s IDPs
Furthermore, UNHCR expanded its Aid Assist program on Stellar in 2024. The pilot launched in December 2022. It targets internally displaced persons (IDPs) in Ukraine. By Q3 2024, it reached 2,500 families with $4.6 million. Funds go to rent, food, and heat. UNHCR’s Karolina Lindholm Billing said, “Blockchain scales humanitarian efforts.” Specifically, Aid Assist uses Stellar for direct USDC payouts. No bank accounts needed. Transparency tracks every dollar. As Denelle Dixon, Stellar’s CEO, noted, “It’s a lifeline for those in crisis.” Additionally, the program grew in 2024. It now aids refugees beyond Ukraine. Thus, it proves blockchain’s real-world impact.
MoneyGram Milestone: 2 Years of Global Cash Ramps
In addition, Stellar celebrated 2 years with MoneyGram in June 2024. The partnership hit 400,000+ cash-in/out locations. It covers 40+ countries. Users convert USDC to local currency instantly. Fees? Zero for the first year on select services. As MoneyGram’s Alex Holmes said, “We’re bridging crypto and fiat.” For example, remittances flow in minutes. Not days. This milestone expands access. Wallets like Ejara and TruBit integrated. As a result, Stellar processed billions in volumes. Community funding topped $5 million. Developers built remittance apps. Hence, MoneyGram’s ramps fuel financial inclusion.
The Bigger Impact: Faster Aid, Fairer Remittances
Moreover, these expansions streamline global finance. Yellow Card cuts African remittance fees by 80%. UNHCR delivers aid transparently. MoneyGram bridges cash and crypto. For users, it’s simple. Send $100 in USDC. Cash out locally. No 7% losses. As CoinDesk reports, Stellar handled $4.2B quarterly in 2024. RWAs grew to $639M. Thus, Q3 2024 wasn’t just growth. It was transformation.
Stellar’s Horizon: Inclusion at Scale
In short, Yellow Card, UNHCR, and MoneyGram show Stellar’s power. Remittances hit $831B yearly. Aid reaches millions. Blockchain makes it fair. For $XLM holders, it’s utility. Newcomers get easy access. Platforms like Lumexo trade $XLM with low fees. As Q4 2025 approaches, watch volumes soar. Blockchain isn’t hype. It’s help.