MoneyGram launches MGUSD stablecoin on Stellar network

MoneyGram is launching MGUSD, a dollar stablecoin on the Stellar network, further expanding its blockchain-based global payments. This move enables faster and cheaper cross-border transactions. With over 2 million agents in 200 countries, MoneyGram aims to increase financial inclusion by leveraging blockchain technology, potentially disrupting traditional remittance markets and increasing market share.