MoneyGram Launches MGUSD, a Stablecoin to Power Its Own Global Network
The token will let customers hold dollar balances in a self-custodial wallet and transfer funds across MoneyGram’s global payments network.
- On Tuesday, MoneyGram launched MGUSD, a native U.S. dollar-backed stablecoin on the Stellar blockchain, expanding its global payments network infrastructure.
- A five-year partnership with the Stellar Development Foundation prompted MoneyGram to re-architect its core, enabling digital dollars to move as naturally as cash across its agent network.
- Bridge, a Stripe company, serves as MGUSD's regulated issuer, while Fireblocks provides wallet infrastructure securing the tokens for customer access.
- Integrated into the MoneyGram app, MGUSD offers customers a self-custodial wallet holding a stable, dollar-denominated balance for global transfers without requiring crypto expertise.
- Market analysts at Citi project the stablecoin sector could reach $4 trillion by 2030, as fintech firms like SoFi, PayPal, and Western Union increasingly adopt blockchain rails.
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PR Newswire
MoneyGram Launches MGUSD, a Stablecoin to Power Its Own Global Network
/PRNewswire/ -- MoneyGram today announced the launch of MGUSD, a native U.S. dollar stablecoin and the foundation for a growing suite of financial services...
MoneyGram Launches MGUSD Stablecoin for Remittance Network - Invest In Crypto News
MoneyGram launched MGUSD, a US dollar stablecoin on Stellar, as the remittance company deepens its push into blockchain-based cross-border payments. The company said Tuesday that MGUSD will be integrated into the MoneyGram app through a self-custodial wallet, allowing users to hold dollar-denominated balances, move funds globally and convert into local currencies. The stablecoin initially launched in the US market, with plans to scale worldwide.…
MoneyGram Unveils MGUSD Stablecoin to Reach 60M Users Across Global Payments Network
Key Takeaways: MoneyGram launches MGUSD, a native U.S. dollar stablecoin on the Stellar blockchain. The stablecoin isn’t meant for use as a standalone crypto product, but rather as a means to facilitate MoneyGram’s global payments network. In the U.S., MGUSD will roll out initially, and offer digital dollar balances, quicker digital moves and cross-border payments. MoneyGram has announced today that it has launched MGUSD, its own blockchain-bac…
STABLECOINS | MoneyGram Launches the MGUSD Stablecoin on the Stellar Blockchain
Global money transfer company, MoneyGram, has launched its own U.S. dollar-backed stablecoin, MGUSD, marking a major step in its effort to move cross-border payments and settlement onto blockchain infrastructure. The stablecoin, built on the Stellar blockchain and initially available in the United States, will be integrated into the MoneyGram app allowing users to hold dollar-denominated balances, transfer funds globally, and convert them into l…
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