MoneyGram Launches MGUSD Stablecoin on Stellar for Cross-Border Payments

Published by

Nidhi Kolhapur

June 2, 2026

Stablecoin Reward Ban Debate Intensifies as Clarity Act Stalls

MoneyGram has launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar blockchain, for users in the United States. Integrated directly into the MoneyGram app, MGUSD allows customers to hold digital dollar balances and make cross-border transfers. Issued by Bridge with support from M0 and Fireblocks, the stablecoin expands MoneyGram’s long-standing partnership with Stellar. The launch matters because it combines blockchain-based settlement with MoneyGram’s global distribution network, potentially reducing costs and transfer times. Next, the company plans to expand access through its network of more than 60 million customers and 500,000 retail locations worldwide.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.