How do Vibrant and MoneyGram determine the exchange rate?

Ihor Kyvliuk
Ihor Kyvliuk
  • Updated

MoneyGram determines their exchange rate based on their own internal system.

For cash to USDC exchange offered in Vibrant by our partner MoneyGram:

  • MoneyGram determines the rate of exchange between any fiat currency (dollars, pesos, etc.) and USDC.
  • These rates are determined by market conditions, and operating costs for MoneyGram in each region they operate in.

MoneyGram strives to maintain a competitive exchange rate between USDC and any fiat currency.

Vibrant has no control over rates of exchange for cash outs through MoneyGram, visible in the app.

Unlock the power of the digital dollar and take control of your financial journey! Visit vibrantapp.com for the latest Vibrant news.

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