MoneyGram launches MGUSD, a native dollar stablecoin on Stellar designed for the 60M+ customers in its global payment network. Built with Bridge and M0 infrastructure, MGUSD enables self-custodial dollar storage, cross-border transfers, and cash withdrawals at 500,000+ retail locations worldwide.
MoneyGram introduced MGUSD, a native dollar stablecoin on the Stellar blockchain, the result of five years exploring how stablecoins could reshape remittances, savings, and payments for underserved populations. Issued by Bridge (a Stripe company) and minted via M0, MGUSD integrates into the MoneyGram app as a self-custodial wallet. The stablecoin addresses a critical gap: families separated by borders, remittance corridors, and underbanked populations can now move money at internet speed without crypto knowledge or a bank account. MGUSD comes with compliance built in (KYC, sanctions screening, transaction monitoring) and connects to MoneyGram's existing 500,000+ retail cash-out locations globally, enabling users to hold digital dollars and access cash when needed.
