MoneyGram launches stablecoin on Stellar, joining rush toward digital dollar payments
MoneyGram has launched a U.S. dollar-backed stablecoin called MGUSD on the Stellar blockchain. The initiative, supported by Stripe-owned Bridge, aims to facilitate faster and cheaper cross-border payments for its global customer base.
Why it matters
This marks a significant institutional adoption of stablecoins by a major global remittance provider, signaling a shift toward blockchain-based financial infrastructure.
Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email MoneyGram launches stablecoin on Stellar, joining rush toward digital dollar payments MGUSD, issued by Stripe s Bridge, will power services across MoneyGram s global network as stablecoins gain traction in cross-border payments. By Krisztian Sandor | Edited by Nikhilesh De Jun 2, 2026, 9:00 a.m. 2 min read Make preferred on What to know : MoneyGram announced it launched its U.S. dollar-backed stablecoin MGUSD on the Stellar blockchain on Tuesday. The token will first be available for U.S. users with plans for global rollout across the firm s 60 million customers as stablecoins increasingly compete in cross-border payments. MGUSD is issued by Stripe-owned Bridge, with smart contracts from M0 and wallet infrastructure from Fireblocks. MoneyGram announced Tuesday it had launched its own U.S. dollar-backed stablecoin on the Stellar (XLM) blockchain, joining a growing wave of global payments companies and banks building products around digital dollars.
The article provides a factual report on a corporate product launch without emotive language or political framing.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in