MoneyGram launches MGUSD, a native stablecoin on Stellar for cross-border payments. Issued by Bridge (a Stripe company) and minted via M0 infrastructure, MGUSD integrates into MoneyGram's app as a self-custodial wallet, targeting the 60M+ active customers in its global network.
MoneyGram, the global payments company serving 60 million customers, launched MGUSD, a native U.S. dollar stablecoin built on the Stellar blockchain. The stablecoin is issued by Bridge (a Stripe company), minted and burned via M0's smart contract infrastructure, and custodied by Fireblocks. MGUSD integrates directly into MoneyGram's app as a self-custodial wallet, giving customers stable dollar balances they can hold and move globally. The launch deepens MoneyGram's five-year partnership with the Stellar Development Foundation. The company designed MGUSD for cross-border use cases and financial inclusion, enabling customers in markets facing currency instability or limited banking access to hold stable dollar balances and access 24/7 money movement without traditional banking intermediaries. MoneyGram already operates through nearly 500,000 retail locations, with over 70% of transactions now digital. MGUSD represents a shift from stablecoin-as-asset toward stablecoin-as-infrastructure, positioning it as a foundational layer for a suite of financial services across MoneyGram's global network.
