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.

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