In early 2021, global remittance giant MoneyGram ended its well-known partnership with Ripple Labs, citing issues related to the Securities and Exchange Commission (SEC) lawsuit against Ripple. The lawsuit, filed in December 2020, alleged that Ripple had implemented unregistered securities offerings through the sale of XRP.
At the time, Moneygram was one of Ripple's most prominent partners, using Ripplenet and XRP-based solutions for cross-border settlements. However, regulations uncertainty has made it impossible to continue.
MoneyGram CEO Alexander Holmes said, “Ripple's products were very different.” The SEC lawsuit against Ripple is the main reason for terminating the partnership, and Stellar and Ripple can complement each other in their own unique way. pic.twitter.com/kvb8wbkkyr
– September 12, 2025𝗕𝗮𝗻𝗸xrp (@bankxrp)
“I had a great experience with Ripple,” Moneygram CEO Alexander Holmes said in an interview with Coindesk. “However, the changes and challenges proposed by the SEC have made it very difficult for us to continue that relationship. We both agreed to move on.”
Why was Stellar the next option?
Moneygram later turned to Stellar (XLM), a blockchain co-founded by Jed McCaleb, who was also one of Ripple's original founders. According to Holmes, Stellar's offering is fundamentally different from Ripple's, focusing on the integration of consumer solutions and Stablecoin.
“The Ripple products were very different,” explained Holmes. “Ripple tends to focus on fund flows across backend borders. Through Rip Rennet, the star approached us with its ability to work between frontend consumer models, Fiat and Stablecoins.
This shift allowed MoneyGram to pilot USDC Stablecoin's on/off ramp service, allowing consumers to easily convert digital assets and Fiat currencies in multiple countries.
“Stars and ripples can complement each other in a unique way,” Holmes said. “Boths have their strengths in bridging the gap between traditional finance and blockchain.”
Driver after XRP growth driver
After years of court battles, the long-term Ripple v. SEC lawsuit officially ended in August 2025. The resolution marked a turning point for the crypto industry and quickly lifted market sentiment.
Ultimately, Ripple focuses on real-world adoption. Current growth is being promoted as follows:
- New Payment Corridor Expansion
- Improved stable adoption
- More tokenized assets launched in XRP ledger (XRPL)
The end of the lawsuit also removed the major sources of sales pressure and chart manipulation, and XRP increased the scope for trade based on market demand and utility.
Price performance
The XRP has shown strength since the verdict. The token broke out from its previous range of nearly $2.80 and exceeded $3.20. Meanwhile, Ripple continues to build momentum in business. The company recently expanded its digital asset management partnership with BBVA to add a new retail service to Spain.
