MoneyGram launches MGUSD, a native U.S. dollar stablecoin on Stellar, to power payments for its 60+ million active customers. Issued by Bridge, a Stripe company, the move deepens MoneyGram's 5+ year partnership with the Stellar Development Foundation and marks graduation from Circle's USDC infrastructure.
MoneyGram launched MGUSD, a native U.S. dollar stablecoin running on Stellar, positioning its proprietary digital currency at the center of a global payments network serving 60+ million active customers. Bridge, a Stripe company, serves as the regulated issuer under the GENIUS Act framework, while M0 handles smart contract infrastructure and Fireblocks manages custody. The stablecoin launches initially in the U.S. with global scaling planned. This move marks a significant deepening of MoneyGram's 5+ year partnership with the Stellar Development Foundation, as the payments giant transitions from relying on Circle's USDC to issuing its own infrastructure.