MoneyGram debuts MGUSD stablecoin on Stellar for its global payments network
The Block·
60-second summary
MoneyGram is debuting MGUSD, a USD stablecoin on Stellar, backed by Bridge and Fireblocks, aiming to serve over 60 million customers worldwide for cross-border payments. This move enables faster, lower-cost transactions. The stablecoin is expected to enhance MoneyGram's global payments network, potentially increasing adoption and reducing reliance on traditional currency exchange methods.
MoneyGram launched MGUSD, a USD stablecoin on Stellar backed by Bridge and Fireblocks, targeting 60M+ customers for cross-border payments.