MoneyGram, a global payments company, has launched its own U.S. dollar-backed stablecoin. It is the latest big financial services firm to adopt blockchain-powered payments.
The new token, MGUSD, is built on the Stellar blockchain and is now part of the MoneyGram app. Users can hold digital dollars in their own wallets and send money through MoneyGram’s global network.
The launch initially targets customers in the United States, with broader international availability expected in the future.
Stablecoins have quickly become one of the main uses for digital assets. They combine the stability of traditional currencies with the speed and efficiency of blockchain technology, making them a strong option for cross-border payments and remittances.
Several crypto infrastructure providers support MoneyGram’s stablecoin project. Bridge is the regulated issuer, M0 handles smart contract technology, and Fireblocks provides wallet infrastructure.
Chief Executive Officer Anthony Soohoo said the company views stablecoins as a foundational technology for the future of global payments. The product is designed to support families sending money across borders and users who lack access to traditional banking services.
MoneyGram has over 60 million customers worldwide and many retail locations. Its move into the stablecoin market could help accelerate the mainstream adoption of digital dollar payment solutions.
Introducing MGUSD.
MoneyGram’s native U.S. dollar stablecoin.Natively issued on @StellarOrg.
Built with @Stablecoin, @M0 and @FireblocksHQ.
Live in the U.S. today. pic.twitter.com/GWW3XtNrf6— MoneyGram (@MoneyGram) June 2, 2026
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